Can Sony and Microsoft bring blockchain to gaming consoles?

Sony and Microsoft, two of the biggest names in gaming, have been making significant moves towards blockchain technology in recent years. This is an important development, as it has the potential to not only revolutionize the gaming industry but it could be the Trojan horse that makes blockchain ...

Square Enix auction dates, Azuki DAO rebrands to Bean: Nifty Newsletter

In this week’s newsletter, read about footballer Cristiano Ronaldo facing a lawsuit after promoting nonfungible tokens (NFTs) tied to crypto exchange Binance, and find out how an NFT collector thwarted a hacking attempt by a person impersonating a journalist. In other news, Azuki DAO is rebrandin ...

Former British Chancellor’s crypto firm Copper launches tokenized securities platform

London-based crypto trading firm Copper plans to start offering tokenized securities early next year, according to reports on Nov. 29. Under the leadership of former British Chancellor Phillip Hammond, the company expects to capitalize on institutional investors' demand.The service is expe ...

This Web3 security protocol recovered $800K in user funds after Vulcan Forged exploit

As Web3 gets bigger, it struggles to keep up with the malicious actors targeting users’ funds across different blockchains and networks. This security protocol takes a preventive approach against hacks and exploits, freezing assets before they get stolen.Web3 benefits from being a d ...

SoFi Technologies to cease crypto services by Dec. 19

United States personal finance company SoFi Technologies will end crypto trading services for its users by Dec. 19.According to the Nov. 29 announcement, new crypto account openings on SoFi are suspended immediately. All existing SoFi crypto users must either migrate their accounts to Bloc ...

Wormhole raises $225M at $2.5B valuation

Cross-chain protocol Wormhole has secured a $225 million investment at a valuation of $2.5 billion.According to the Nov. 29 announcement, the investment round was led by Brevan Howard, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi, Dialectic, Borderless Capital, and Arrington ...

Bitcoin NFT marketplace Bioniq eyes lofty goal of alleviating network congestion

A new Bitcoin nonfungible token (NFT) marketplace aims to reduce network fees associated with the advent of Bitcoin Ordinals inscriptions by tapping into the Internet Computer Protocol (ICP).Developed off the back of the creation of Bitcoin Ordinals in early 2023, Bioniq operates on the IC ...

IOTA launches $100 million Abu Dhabi foundation for Middle East expansion

The open-source blockchain developer IOTA announced on Nov. 29 that it is launching a foundation, the IOTA Ecosystem DLT Foundation, based in Abu Dhabi to focus on the growth of its distributed ledger technology (DLT) in the Middle East region. According to the announcement, the new founda ...

Huddle01 CEO explains why communications tech must be decentralized

The means by which humans communicate and coordinate are ever-evolving. People went from sending smoke signals and messengers on horseback to sending letters and telegrams, and since the dawn of the digital era, the pace of innovation has exploded.Today, hundreds or even thousands of peopl ...

Blockchain Statistics Demographics Cryptos and More in 2023

Are you looking for increased security and transparency in your financial transactions? With the rapid growth of blockchain-based solutions, you cannot afford to ignore the power of cryptocurrencies and the exciting world they provide. In addition to revolutionizing the way we handle money, blockcha ...

Stakeholder urges swift implementation of Nigeria’s blockchain policy

A stakeholder in the blockchain and fintech ecosystem has called on the Federal Government of Nigeria to implement regulations that will foster the widespread integration of the approved blockchain policy in the country. The National Blockchain Policy offers economic growth, job creation, and fin ...

Layer-2 network to launch a decentralized sequencer pool

In their quest for scalability and cost-effectiveness, many layer-2 networks adopt a centralized approach to on-chain transaction processing, introducing a single point of failure vulnerability. The Metis blockchain, however, has pioneered a distributed sequencer pool to improve security a ...

Security audits ‘not enough’ as losses reach $1.5B in 2023, security professional says

As companies continue to fall for hacks and exploits, professionals working in the cybersecurity space chipped in on what can be improved in terms of crypto security for digital asset companies and the broader crypto industry. Before September, almost $1 billion had already been lost ...

KyberSwap DEX hacker sends an on-chain message: Be nice, or else

The exploiter behind the $46 million crypto theft against KyberSwap has demanded its execs and tokenholders ease up on the hostilities, threatening to push out negotiations until everyone is “more civil.”In an on-chain message addressed to KyberSwap executives, tokenholders and ...

Best Open Source Blockchain Project Ideas for Beginners in 2023

Blockchain technology is fascinating in its nature as it provides an interesting and decentralized approach to finance and other industries. Through its distributed ledger and consensus mechanism, blockchain has the potential to revolutionize the way we work and interact with each other. For beginne ...

Interactive Brokers opens Hong Kong retail crypto trading with OSL

Interactive Brokers, one of the largest brokerage firms in the world, has opened crypto trading for retail clients in Hong Kong.According to the Nov28 announcement, the service is offered in conjunction with OSL, one of the first crypto exchanges to receive a Virtual Asset Service Provider ...

Simplifying blockchain: How better developer tools can foster financial inclusivity globally

Blockchain technology, with its complexity, often pushes people away instead of drawing them in. The Stellar Development Foundation, a nonprofit foundation that supports the Stellar blockchain, is leading the way to making this technology user and developer-friendly with real-world solutio ...

Canaan secures new financing as revenue falls 55% in Q3

Bitcoin (BTC) miner Canaan is seeking new capital amid a slump in its revenue and bottom line.According to its Q3 2023 earnings report released on Nov. 28, the company seeks to sell $148 million in equity through an at-the-market offering. The day before, Canaan announced that it had reach ...

More foreign banks join China’s CBDC pilot trials

More foreign banks have joined China’s digital yuan central bank digital currency (CBDC), the e-CNY, following British bank Standard Chartered’s entry on Nov. 27, bringing its total to four.According to local news reports, Hong Kong-based HSBC, Hang Seng Bank and Taiwanese bank Fubon ...

Upbit parent Dunamu’s profits drop 81% in Q3

Dunamu, the owner of Upbit, one of South Korea’s biggest crypto exchanges by trading volume, saw a drop of 81.6% in net profit in the third quarter of 2023 compared to the same period last year. The company reported a net profit of 159.9 billion Korean won (KRW), worth aroun ...

Animoca becomes largest validator of Telegram’s TON blockchain

Web3 investment firm Animoca Brands is set to become the largest validator of Telegram’s TON (The Open Network) blockchain and plans to deliver blockchain-based games to the messaging app’s 800 million strong user base.An announcement shared with Cointelegraph outlined how the partnership ...

11th anniversary of Bitcoin’s first halving: from $12 to $37,000

Bitcoin (BTC), the largest cryptocurrency by market value, experienced its first-ever halving 11 years ago today. As the community celebrates the anniversary of the first Bitcoin halving, it’s timely to revisit some of Bitcoin's historical milestones ahead of the next halving expected in April 20 ...

Five pain points that decentralized trading platforms need to solve

Decentralized crypto trading with leverage has grown in popularity over recent years — but something is holding the sector back: a lack of reliable platforms for noncustodial transactions.Users often face clunky and poorly designed interfaces that are difficult to understand and nea ...

JPMorgan, Apollo plan for enterprise mainnet, execs reveal

Executives of banking giants JPMorgan Chase and Apollo revealed plans for a tokenized ‘enterprise mainnet’ formed during a collaboration on the Monetary Authority of Singapore’s (MAS) Project Guardian pilot project. On Nov. 15, the MAS introduced five additional industry pilots to Pro ...

Get prepared to the next bull run: Investor Demo Day to showcase the best of Web3

The Web3 ecosystem might have weathered a dry year during 2023 in terms of venture capital (VC) funding, but it surely had its highlights with many bountiful investments across a wide range of niches.The most recent data indicates that Web3 startups have raised around $6 billion so ...

Inflows into Bitcoin investment products reach $1.5B year-to-date

Bitcoin (BTC) exchange-traded products (ETPs) registered $312 million in inflows for the week of Nov. 24, bringing year-to-date inflows to around $1.5 billion, according to CoinShares. The weekly inflows for all cryptocurrencies totalled $346 million, continuing a nine-week trend of positive ...

Crypto exchange grace period to remain unchanged in Hong Kong despite scandals

A one-year grace period for cryptocurrency exchanges operating in Hong Kong will remain in place despite recent scandals.According to local news reports on Nov. 27, Julia Leung, Hong Kong's Under Secretary for Financial Services and the Treasury, stated, "Even if the grace period ends tomo ...

Standard Chartered joins China’s CBDC pilot testing

British multinational bank Standard Chartered will partake in trials of China's digital yuan central bank digital currency (e-CNY CBDC), one of the first foreign banks to do so in the country.According to the Nov. 27 announcement, Standard Chartered, through its partner City Bank Clearing ...

Mainstream approval critical for blockchain games — Gaming execs

Web3 game developers have been battling to gain the attention of mainstream audiences for years, and according to three former gaming executives, that market is essential for the industry’s future. Video games have become a favorite pastime for a lot of people all over the world and h ...

$750M in locked crypto tokens to be released by December

Around $750 million of vested digital assets are scheduled to be unlocked and released into the markets this coming December. Among the projects releasing locked tokens, decentralized exchange (DEX) dYdX will unlock the largest amount. The exchange is expected to unlock 150 million to ...

Shaping the future of Web3: An interview with Techstars’ Pete Townsend

As an integral part of Techstars, a global seed accelerator known for its significant investments in over 250 Web3 startups, Pete Townsend offers a unique perspective on what it takes to succeed in this rapidly evolving space.His expertise spans from identifying promising startups f ...

Crypto miner Hive expands data center operations in Sweden

The cryptocurrency mining company Hive Digital Technologies revealed plans to expand its global presence through a new acquisition of property and a data center in Boden, Sweden.On Nov. 27, the company announced that it's entered a property transfer agreement with Turis AB to take over the ...

Inferno Drainer says it’s shutting down after helping steal $70M in crypto

Inferno Drainer, one of the most popular crypto wallet-draining kits for hire says it is shutting down for good after helping phishing scammers steal nearly $70 million worth of crypto this year. In a Nov. 26 Telegram post, the team behind Inferno Drainer said it was “time for us to move o ...

Blast’s marketing approach “cheapens the work of a serious team” — Paradigm

Crypto venture capital firm Paradigm criticized Blast’s protocol marketing strategy, claiming the startup “crossed lines in both messaging and execution." The VC firm is a seed investor in Blast.The head of research at Paradigm, Dan Robinson, shared a statement on X (formerly T ...

Cosmos Hub greenlights ATOM inflation cut for security boost

The governing body of Cosmos Hub has endorsed a proposal to decrease the maximum inflation rate of its native token, ATOM (ATOM), from approximately 14% to 10%.As per the proposal, the authorized modification would reduce Atom’s annualized staking yield from around 19% to approximately 13. ...

BitMEX Co-founder predicts Bitcoin surge amid dollar liquidity rise

Arthur Hayes, co-founder of BitMEX, provided perspectives on a potential Bitcoin surge on the X platform. Alongside a chart depicting net Reverse Repurchase Agreement (RRP) and Treasury General Account (TGA) balance changes, the message specifically referred to Treasury Secretary Janet Yellen as ...

Azuki DAO rebrands to ‘Bean’ as it drops lawsuit against founder

Azuki DAO, an unofficial community decentralized autonomous organization surrounding the namesake nonfungible token collection, has announced its rebranding to “Bean" as it drops a proposed lawsuit against the NFT collection’s founder, Zagabond, over a $39 million minting affair.  ...

Blockchain and charity: How to restore trust in philanthropy

Charity initiatives reflect our humanness in a world too much focused on individualism and consumerism. However, trust in charitable organizations and nonprofits has declined drastically over the last few years. Many businesses and individual influencers use giving for branding and promoti ...

This exchange signed soccer legend Andrea Pirlo as global ambassador to celebrate sixth anniversary

CoinW, a major cryptocurrency exchange, has announced a new partnership with Andrea Pirlo, a renowned soccer player.There are plenty of similarities between the worlds of sports and crypto. Both have passionate supporters and vibrant communities — striving to achieve excellence. Eac ...

Blockchain devs expect complications from EU smart contract kill switch

The Data Act — a contentious piece of European Union legislation that includes a clause requiring the ability to terminate smart contracts — has been approved by the European Parliament. If introduced, the legislation will require a smart contract to have a “kill switch.”In a Nov. 9 p ...

Hashing It Out: A conversation about spot Bitcoin ETFs and decentralized ETFs

As expectations grow that a spot Bitcoin exchange-traded fund (ETF) will be approved in the United States, it remains one of the hottest topics heading into 2024. In Episode 38 of Cointelegraph’s Hashing It Out, Elisha Owusu Akyaw talks to Joel Kuck, CEO of Decentralized ETF (D-ETF), about how ET ...

KyberSwap hacker offers $4.6M bounty for return of $46M loot

The decentralized exchange KyberSwap has offered a 10% bounty reward to the hacker who stole $46 million on Nov. 22 and left a note of negotiation. The exchange wants 90% of the loot returned by 6 am UTC on Nov. 25.On Nov. 23, KyberSwap alerted users that its liquidity solution, KyberSwap ...

How enterprises and governments can use a new 3D platform powered by Web3 and AI to drive digital transformation

The metaverse has the potential to revolutionize how businesses promote themselves, communicate with their clients, and build economies. By creating immersive 3D experiences, companies and organizations can develop interactive user stories and experiences that foster engagement, monetizati ...

Crypto Thanksgiving: Community hails industry milestones, expresses gratitude

As crypto community members celebrated Thanksgiving, many expressed gratitude for the progress made in the digital asset space over the years. From comparing price points for Bitcoin (BTC) and Ether (ETH) in 2022 to sharing their Thanksgiving conversations about BTC, crypto users exch ...

HTX to restore services ‘within 24 hours’ after $13.6M hack

Crypto exchange HTX, formerly Huobi Global, will resume deposits and withdrawals within 24 hours after suffering a $13.6 million exploit on Nov. 22.According to its official announcement, the exchange promised to "fully compensate for the losses caused by this attack and 100% guarantee the ...

Solana’s genesis story — Anatoly Yakovenko’s vision for a high-performance blockchain

“I literally had two coffees and a beer, and I had this eureka moment at four in the morning," Solana co-founder Anatoly Yakovenko recalls as he leans back thoughtfully. Speaking to Cointelegraph at the annual Breakpoint conference in Amsterdam, the co-founder recounts a late nig ...

Bitcoin user pays $3.1M in transition fee for one 139 BTC transfer

A Bitcoin user paid 83.7 Bitcoin (BTC) worth $3.1 million in transaction fees for transferring 139.42 BTC. The transaction fee of $3.1 million is the 8th highest in Bitcoin's 14-year history.The BTC wallet address bc1qn3d…wekrnl tried transferring 139.42 BTC to bc1qyf…km36t4 earlier on Nov ...

CoinFLEX creditors dissatisfied with restructuring to OPNX: Report

Some creditors of cryptocurrency futures exchange CoinFLEX are alleging that OPNX, a new crypto exchange established in part by Three Arrows Capital (3AC) co-founders Kyle Davies and Su Zhu, was created using CoinFLEX assets without their consent. According to a writ of summons filed ...

FTX’s FTT token rallies 30% — Binance effect or FTX 2.0 reopening?

Amid market uncertainties around Changpeng "CZ" Zhao’s departure as Binance CEO, the in-house cryptocurrency of the FTX crypto exchange, FTX Token (FTT), witnessed a momentary bull run. FTT surged in market value by more than 55% in the past 48 hours and is currently trading at $4.63, ...

South Korea to invite 100K citizens to test CBDC in 2024

The Bank of Korea (BOK) — South Korea’s central bank — has said it will invite 100,000 Korean citizens to purchase goods with deposit tokens as part of its central bank digital currency (CBDC) pilot. The testing will start “around September to October” of 2024 and last for three months.  ...

HTX exchange loses $13.6M in hot wallet hack: Report

HTX, formerly Huobi Global, suffered an estimated loss of $13.6 million as part of the $86.6 million HECO Chain bridge exploit on Nov. 22. According to a report by blockchain security firm Cyvers, the losses stem from three compromised hot wallets with users and exchang ...

Former Coinbase exec posits blockchain-driven vision of future societies

The Dutch city of Amsterdam — no stranger to international conferences dedicated to cryptocurrencies, blockchain and decentralization — was recently host to the Network State Conference, which explored decentralization at an entirely different level. Conference speakers and attendees ...

HECO Chain bridge compromised, over $86.6M sent to suspicious addresses

Data shared by blockchain security platform PeckShield shows that more than $86.6 million in digital assets were transferred from the HECO Chain bridge to suspicious addresses. The security firm suggests that the bridge is compromised and an exploit is ongoing. In response to the inci ...

Did Binance’s CZ predict his own downfall?

Fiv years ago, you couldn’t trade with fiat currency on Binance, yet the exchange was already garnering international attention with the highest trading volumes among its peers.That's no mean feat in the cryptocurrency industry, even in 2018, with several well-established exchanges c ...

How an ‘internet of AIs’ will take artificial intelligence to the next level

HyperCycle is a decentralized network that connects AI machines to make them smarter and more profitable. It enables companies of all sizes to participate in the emerging AI computing economy.Artificial intelligence (AI) is a rapidly evolving field that seems likely to fall into the ...

Binance, CZ settlement with US DOJ ‘bullish for Bitcoin ETF,’ crypto community says

The crypto community on social media has greeted the news of the deal between Binance, CZ and the United States Department of Justice (DOJ) mostly positively, hoping it removes one of the last remaining obstacles before the long-awaited approval of a spot Bitcoin ETF.The $4.3 billion settl ...

Belgium seeks to reboot the EU blockchain infrastructure project

Belgium plans to accelerate the development of a European blockchain infrastructure during its presidency of the EU Council in early 2024, according to the goveernm. The proposal aims to facilitate the secure storage of official documents like driving licenses and property titles. The ...

CZ departure, Binance deal lead to purge of $175M of crypto longs

As crypto exchange Binance and the departure of its CEO Changpeng “CZ” Zhao hit the headlines in the last 24 hours, the digital asset space went into a rollercoaster mode that saw the market liquidate close to $175 million for traders betting on long positions.On Nov. 21, devel ...

Bankrupt crypto lender Genesis sues Gemini to recover $689M worth of ‘Preferential Transfers’

Bankrupt crypto lending platform Genesis Global Capital has filed a lawsuit against cryptocurrency exchange Gemini Trust to recover $689 million in preferential transfers, a court filing on Nov. 22 shows.The lawsuit alleges that Gemini made preferential transfers of approximately $689,302, ...

Circle launches ‘bridged USDC standard’ for deploying to new networks

Circle has launched a new standard to streamline the process of launching its stablecoin, USDC, on new networks, according to a Nov. 21 blog post. The new “bridged USDC standard” allows developers to launch the token through a two-phase process. In the first phase, the thi ...

Can blockchain supply the guardrails to keep AI on course?

Artificial intelligence (AI) and blockchain are emerging digital technologies that have captured the public imagination but also raised serious concerns.So it bears asking: Can AI and blockchain be integrated in a way that benefits humanity? There are reasons to think so. As far bac ...

Aragon DAO votes to fund legal action against its founders

A decentralized autonomous organization (DAO) is taking legal action against its founding team after a decision to dissolve its governing body and distribute most of its assets to tokenholders.On Nov. 2, the team behind Aragon announced that it would be dissolving the Aragon Associati ...

Binance $3.9B USDT move gains community attention amid DoJ settlement claims

Crypto community members on X (formerly Twitter) have turned their focus onto a $3.9 billion Tether (USDT) transaction between Binance wallets that surfaced on social media, following reports claiming that the United States Justice Department is negotiating a $4 billion settlement with the compan ...

How can NFTs help farmers — from production to distribution?

What are utility NFTs and how do they work?How do utility NFTs relate to agriculture?What problems do NFTs solve in agriculture?How can utility NFTs benefit farmers and consumers in the agricultural sector?What concerns or risks should the agricultural ...

dYdX founder blames V3 central components for ‘targeted attack,’ involves FBI

Decentralized finance (DeFi) protocol dYdX founder Antonio Juliano took to X (formerly Twitter) to share some of the findings of the investigation into the loss of $9 million in insurance funds, in what many suspected was an exit scam that took place on Nov. 17.Juliano noted that the actua ...

Security firm dWallet Labs flags validator vulnerability that could affect $1B in crypto

Blockchain security firm dWallet Labs recently disclosed a vulnerability that they claim could affect up to $1 billion worth of crypto, with assets such as Ether (ETH), Aptos (APT), BNB (BNB) and Sui (SUI) at risk.In a paper sent to Cointelegraph, dWallet Labs reported a potential vulnerab ...

Blockchain Association files support in suit to lift Tornado Cash sanctions

The Blockchain Association has thrown fresh support behind six plaintiffs suing the United States Treasury Office of Foreign Assets Control (OFAC) over its sanctions on the crypto mixer Tornado Cash.In a Nov. 20 amicus curiae brief to a U.S. appellate court, the crypto advocacy group argue ...

Crypto exchange Bullish buys 100% stake in crypto media site CoinDesk: Report

Crypto media platform CoinDesk was acquired by crypto exchange Bullish on Nov. 20, according to a report published in the Wall Street Journal (WSJ). The crypto exchange is headed by former New York Stock Exchange president Tom Farley. The media platform said that former Wall Street Jo ...

Crypto community begins Bitcoin halving countdown as milestone date nears

The crypto community and many of its most high-profile players have started to shift their focus toward the Bitcoin halving, a 4-year cyclic event that cuts the Bitcoin market supply in half. With the next halving event scheduled for April 2024, the Bitcoin mining reward will reduce from the curr ...

ZK community aligned with the core Web3 mission: ZkDay Istanbul roundup

As zero-knowledge (ZK) technology marches its way toward solving mainstream use cases, the community backing the disruptive tech continues to grow stronger. Over 1,200 ZK developers, community members and enthusiasts, including Ethereum co-founder Vitalik Buterin, attended the latest zkDay I ...

Poloniex says hacker’s identity is confirmed, offers last bounty at $10M

Crypto exchange Poloniex recently posted a message to the hacker responsible for stealing over $100 million in digital assets from one of its wallets saying that they’ve identified the person and are giving the perpetrators a chance to return the assets in exchange for a $10 million bounty.  ...

Bridges have big problems — How can cross-chain swaps be quicker and safer?

A big problem when transferring assets from one blockchain to another concerns bridges. Between 2020 and 2022, data from Token Terminal revealed that more than $2.5 billion had been stolen by hackers — all because of vulnerabilities within bridge infrastructure.In some cases, inadeq ...

Kronos Research halts trading amid $25M API key hack investigation

A hacker walked away with $25 million from quantitative trading firm Kronos Research after accessing its compromised API keys.On Nov. 19, Kronos Research revealed that an unauthorized entity accessed some of its API keys. Subsequently, the firm stopped its trading services on the plat ...

XRP Lawyer advises on FOMO profits amid investor losses

XRP lawyer John E Deaton has shared financial advise in response to Josh Butt, an investor’s blame for losses incurred due to a fake post regarding BlackRock filing for an iShares XRP Trust entity in Delaware. In response to the blame, Deaton, on Nov. 18, shared a post saying th ...

Former Bithumb Chairman faces eight-year imprisonment

Lee Jeong-hoon, the former chairman of Bithumb, one of South Korea’s major cryptocurrency exchanges, is at the center of a legal battle and might be facing an eight-year prison sentence in the appeal whose verdict is scheduled for Jan. 18.According to Korean local media reports, prosecutor ...

Sushi to test Bitcoin swaps and Opyn DeFi protocol founders cave to CFTC pressure: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.A new DeFi report has highlighted that a significant amount of crypto lost to exploits was due to tradi ...

ENS developers urge Unstoppable Domains to drop patents or face lawsuit

Founder and lead developer of Ethereum Name Service (ENS) Nick Johnson is urging blockchain domains company Unstoppable Domains to drop a recently awarded patent or face a lawsuit, according to an open letter shared on X (formerly Twitter). In January, Unstoppable Domains was granted ...

Tech firm Republic taps Avalanche for profit-sharing investment note

Neo-investment and technology firm Republic plans to issue a blockchain-based security token that will pay dividends to retail investors from profits across its broad portfolio of investment holdings.The Republic Note is a profit-sharing digital asset that will be launched on the Avalanche ...

How to backup your crypto wallet private keys

In the rapidly evolving world of cryptocurrencies, it is critical to secure one’s digital assets. A crucial element of crypto security is storing a backup of private keys. Private keys are the keys to one’s crypto kingdom, and losing them can cause an irreversible loss of money. This ...

AI’s energy consumption concerns echo Bitcoin mining criticisms, says Heatbit founder

AI and machine learning (ML) is demanding huge amounts of computing resources as interest in the space grows, but conventional Bitcoin miners are not jumping on the bandwagon just yet.Speaking to Cointelegraph journalist Joe Hall at Web Summit 2023 in Lisbon, Heatbit founder Alex Busarov b ...

Sushi taps into ZetaChain to begin testing native Bitcoin DeFi swaps

DeFi platform Sushi has partnered with interoperability platform ZetaChain to explore the possibility of native Bitcoin swaps for its users across 30 different blockchain networks.Sushi’s deployment of its decentralized exchange (DEX) on ZetaChain is touted to enable trading of BTC without ...

Singapore central bank to trial live wholesale CBDC for settlements

A pilot program for a live Singapore dollar-based central bank digital currency (CBDC) was unveiled by Singapore’s central bank with a wholesale CBDC to be used by local banks for settlements. “I am pleased to announce that MAS will pilot the ‘live’ issuance of wholesale CBDCs to inst ...

Web3 should draw newcomers, not be a ‘money grab from brands’ — Tech CEO

The crypto industry should focus on building blockchain-based solutions everybody can benefit from instead of launching cash grabs for brands, says Amy Peck, CEO of tech-focused consulting firm EndeavourXR.Peck told Cointelegraph at the Lisbon Web Summit that Web3 firms should be build-fir ...

Polygon gas fees spike 1000% amid Ordinals-inspired token craze

Gas fees on Ethereum layer-2 Polygon (MATIC) surged more than 1,000% to reach a peak of $0.10 as users inundated the network with the minting of Ordinals-inspired tokens dubbed POLS. In a Nov. 16 X (formerly Twitter) post Polygon founder Sandeep Nailwal shared his surprise at the elev ...

Failed ‘$175M’ real estate token raise draws ire of Texas regulators

The Texas State Securities Board has accused a network of companies under the "GS" brand and operating from Germany of fraudulent activities "tied to digital assets, investments in a staking pool in a proprietary metaverse." The network of companies is controlled by Josip Dortmund Heit.As ...

Boosting blockchain adoption by keeping tech on the back end

Understanding the difference between the front and back end is crucial with Web3 technology. The term “front end” describes the portion of Web3 applications that consumers interact with directly. This includes the technology’s user-facing side, websites and decentralized applications (DApps).&nbs ...

AI identity platform combats ownership and deep fakes

The rise of artificial intelligence (AI) has introduced new possibilities for human expression and capabilities to create content. Simultaneously, the ability to do almost anything and to do so with a digital AI-generated identity has caused new problems to troubleshoot. According to ...

Dubai’s crypto regulator VARA switches leadership as it ramps up operations

Dubai’s dedicated crypto regulator, the Virtual Asset Regulatory Authority (VARA), is switching leaders as it prepares for the next phase of its “ramp up to full-scale market operations” in 2023. In a statement sent to Cointelegraph, VARA said that its incumbent CEO, Henson Orser, wil ...

Game distributor G2A opens gaming-focused NFT marketplace

Digital game vendor G2A has recently launched a marketplace for nonfungible tokens (NFTs) linked to Web3 games to expand its offerings by adding gaming NFTs to its wider collection of gaming software. According to a press release sent to Cointelegraph, the new venture launched on Nov. ...

Ethereum L2 Starknet aims to decentralize core components of its scaling network

Ethereum layer 2 scaling network Starknet has outlined plans to improve the decentralization of three core components of its zero-knowledge proof rollup solution (ZK-rollup).Speaking exclusively to Cointelegraph, Starknet product manager and blockchain researcher Ilia Volokh outlined the f ...

Blockdaemon among founders of BSN Spartan Network governing body

The Singapore-based BSN Foundation, a global blockchain infrastructure organization, officially announced its launch with five international founding members on Nov. 16.BSN’s founding members include the institutional digital asset wallet Blockdaemon, the blockchain infrastructure automati ...

Philippines to sell $179M in tokenized treasury bonds for the first time

The Philippines Bureau of the Treasury announced it would offer 10 billion pesos ($179 million) of one-year tokenized treasury bonds for the first time after canceling the traditional auction scheduled for Nov. 20.The Bureau of the Treasury will offer these tokenized bonds to institutional ...

Solana hoses down ‘inaccurate’ CertiK report on Saga phone security flaws

A recent video from blockchain security firm CertiK made a series of “inaccurate” claims about a potential security vulnerability in Solana’s crypto-enabled Saga phone, Solana Labs has said. In a Nov. 15 post on X (formerly Twitter), CertiK claimed the Saga phone con ...

Solana jumps 20% as Cathie Wood lauds its speed and cost over Ethereum

Solana (SOL) has reached new yearly highs, gaining more than 17% the day after ARK Invest CEO Cathie Wood lauded the network for its efficiency and cost-effectiveness.In a Nov. 15 CNBC interview, Wood described the Solana network as a major infrastructure player in the wider blockchain eco ...

Layer 2 networks hit $13 billion TVL but challenges still remain

Ethereum Layer 2 networks reached a new milestone on November 10, reaching $13 billion of total value locked (TVL) within their contracts, according to data from blockchain analytics platform L2Beat. According to industry experts, this trend of greater interest in layer 2s is likely to continue, ...

Microsoft, Tencent and other tech giants join Decentralized Infura Network

Microsoft, Tencent and 16 other Web2 giants have partnered with Consensys on its mission to decentralize the Infura network — the key point of access to Ethereum for much of the decentralized finance (DeFi) sector.The partnerships aim to increase decentralization on the Infura networ ...

Web3 advocate and author Alex Tapscott on the future of blockchain mass adoption

Web3, blockchain, crypto and mass adoption were major buzzwords in 2021 and 2022, but the public interest in the terms fell to the wayside over the last year as media headlines narrowed their focus to the now defunct FTX exchange and the trial of its founder, Sam Bankman-Fried. Fast-f ...

Binance Labs invests in ARKM, the native token of Arkham platform

Binance Labs, the venture capital arm and incubator arm of Binance, said on Nov. 15 that it has invested in Arkham (ARKM), the native token of the “deanonymizing” blockchain platform Arkham.The company said in a blog post on the website that the investment aims to support “on-cha ...

Singapore introduces five new pilots to test asset tokenization

The Monetary Authority of Singapore (MAS) has introduced five additional industry pilots into the Project Guardian to test various use cases around asset tokenization. Project Guardian is a collaborative initiative led by Singapore’s central bank that seeks to develop new financial in ...

Dairy Queen opens NFT pop-up store in China

Dairy Queen is partnering with local nonfungible token project Weirdo Ghost Gang (WGG) to create a pop-up NFT store in Chengdu, China.According to a press release seen by Cointelegraph, the “Ice and Snow Season” themed pop-up store is scheduled to run from Nov. 15 to Dec. 31 and will featu ...

Cybersecurity team claims up to $2.1B in crypto stored in old wallets are at risk

While the crypto community is still weathering the effects of the recent $100-million Poloniex hack, another cybersecurity threat that could affect billions worth of crypto assets has been discovered by a team of blockchain security experts. On Nov. 14, cybersecurity company Unciphere ...

OKX joins Komainu and CoinShares for institutional segregated asset trading

Crypto exchange OKX has partnered with custody provider Komainu and asset manager CoinShares to facilitate round-the-clock trading of segregated assets to push institutional adoption of digital assets forward.According to OKX, CoinShares will trade on the OKX exchange, while Komainu, a thi ...

Ethereum’s rollups are ‘gold standard’ but Plasma needs a revisit: Buterin

Plasma, a once-prominent Ethereum layer 2 scaling solution, should be revisited by teams currently working on zero-knowledge Ethereum Virtual Machines (EVMs), says Ethereum co-founder Vitalik Buterin.Invented in 2017, Plasma diverts data and computation — except deposits, withdrawals ...

OKX launches Ethereum layer-2 testnet using ZK-based Polygon CDK

Crypto exchange OKX has launched a testnet for an upcoming Ethereum layer-2 network named “X1,” according to a Nov. 14 announcement. The network is being developed using the Polygon chain development kit (CDK) and will use zero-knowledge proofs to validate deposits and withdrawals between layers. ...

Cointelegraph’s Rise ‘n’ Crypto: Unveiling the daily Web3 podcast

Looking for a way to get all the crypto news you need each day from the best source on the net? Then look no further!Hosted by Robert Baggs, Rise ’n’ Crypto is a daily podcast covering the most recent and important news, insights and stories without the fluff or rambling. Every morning at ...

Animoca eyes SportFi ecosystem, becomes Chiliz Chain validator

Venture capital firm Animoca Brands will put its weight behind fan token blockchain Chiliz Chain as it joins the network as a validator within its proof-of-stake authority protocol.Chiliz Chain is the backbone of Socios.com, the platform that operates a plethora of fan tokens for some of t ...

Swan Bitcoin to terminate customer accounts that use crypto-mixing services

Bitcoin service platform Swan Bitcoin warned its customers that it would be forced to terminate accounts found interacting with crypto-mixing due to the regulatory obligations of its partner banks. Customers were informed about the policy in a letter suggesting the changes are made du ...

Privacy-first, copyright-friendly content is key to driving Web3 adoption

ReadON brings high-quality content to Web3 by providing a seamless and user-friendly experience, helping projects build stronger relationships with their users and driving the adoption of decentralization.While Web3 holds the promise of mitigating the drawbacks of Web2, its adoption ...

NFT sales volume upward trend to continue, industry execs say

In the weeks leading to November, nonfungible token (NFT) data showed a consistent upward leap in weekly sales. While the volume is still far from its peak in 2021, executives in the industry believe the upward trend will likely continue. On Nov. 6, data published by blockchain analyt ...

Goldman Sachs leads $95M funding round for blockchain payment firm Fnality — Report

Global investment bank Goldman Sachs and French universal bank BNP Paribas have reportedly led a new funding round for Fnality, a blockchain-based wholesale payments firm backed by Nomura Group.Fnality has raised 77.7 million British pounds ($95.09 million) in a second round of funding, Re ...

New figures show hardly anyone is using ERC-4337 smart accounts

Ethereum account abstraction advocate John Rising has shared some “sobering” numbers showing overall ERC-4437 adoption has been far from ideal. In a Nov. 14 post on X (formerly Twitter), Rising shared data points that showed ERC-4337-enabled smart accounts suffered a decli ...

Elon Musk AI project inspired memecoin ‘Grok’ falls 74% on creator scam claim

The price of a memecoin drawing its namesake from Elon Musk’s artificial intelligence project “Grok” plummeted over 70% after blockchain sleuth ZachXBT alleged the token’s social media account was recycled from a scam token project.In a Nov. 13 X (formerly Twitter) ...

DeFi vulnerability leading to $6.7M exploit ‘not detected’ by auditors

Decentralized U.S. dollar stablecoin protocol Raft claims that despite multiple security audits, the firm still suffered a security exploit leading to the loss of $6.7 million last week.According to the project's Nov. 13 post-mortem report, a few days prior, a hacker borrowed 6,000 Coinbas ...

Taiwanese crypto exchange and VASP member Bitgin under investigation for money laundering

Taiwan cryptocurrency exchange Bitgin is under investigation by the country's police force for money laundering. According to local news reports early this week, Yuting Zhang, the firm's COO, was arrested by Taiwanese police for his alleged role in the "Eighty-Eight Guild Hall" money laundering i ...

No CZ, no problem: Binance Blockchain Week showcases Turkish crypto industry

Binance Blockchain Week Istanbul 2023 saw global crypto exchange Binance bringing its flagship event to Turkey on Nov. 8–9, where business is conducted in the Turkish lira — a top trading pair on its platform. While Binance CEO Changpeng “CZ” Zhao was absent fr ...

Chinese hackers use fake Skype app to target crypto users in new phishing scam

A new phishing scam has emerged in China that uses a fake Skype video app to target crypto usersAs per a report by crypto security analytic firm SlowMist, the Chinese hackers behind the phishing scam used China’s ban on international applications as the basis of their scam, as several main ...

Brad Garlinghouse jabs at maximalists: ‘It will be a multichain world’

While many participants in the crypto space continue to advocate for only a single blockchain, some believe that the future will be made up of multiple blockchains working with each other. From Toronto in 2017 to now, weâS ...

How this decentralized social media platform plans to bring the next billion users to Web3

The next iteration of the internet, Web3, is proposing a new infrastructure based on blockchain technology to build a democratic global social media ecosystem that caters to all stakeholders.Web3 adepts hope that the widespread adoption of blockchain technology will solve some of th ...

Hackers claim to have stolen user data from defunct crypto ATM firm Coin Cloud

An anonymous group of hackers claims to have stolen personal information for about 300,000 customers of the Bitcoin (BTC) ATM company called Coin Cloud, the pseudonymous cybersecurity account Vx-underground posted on X (formerly Twitter). ...

THORChain becomes third largest DEX as Rune surges 50% in a week

Native asset settlement protocol THORChain has recorded the third-largest trading volume among non-centralized exchanges in the last week with users seemingly attracted to the high yield offered adjacent to its native token Rune (RUNE).Over the last week, THORChain’s trading volume h ...

Number of Bitcoin millionaire wallets triples in 2023

The number of crypto wallet addresses holding more than $1 million in Bitcoin (BTC) has more than tripled this year. BitInfoCharts data shows the number of addresses with more than $1 million in BTC increased from 23,795 on Jan. 1 to 81,925 currently, a 237% increase in the last 11 mo ...

Bitcoiners pitch draft bill to preserve blockchain, decentralization in Argentina

Non-government organization Bitcoin Argentina presented a draft bill proposing to regulate the cryptocurrency market in a way that preserves decentralization and strengthens public trust.The proposed legal framework was pitched by Bitcoin Argentina's president Ricardo Mihura at LABITCONF 2 ...

Demand for Bitcoin could grow by up to 10X within 12 months: Michael Saylor

With the Bitcoin halving just months away, MicroStrategy co-founder and Bitcoin bull Michael Saylor thinks that demand for BTC could grow by as much as 10X by the end of 2024. During a speech at the 2023 Australia Crypto Convention on Nov. 10, Saylor was asked to give his outlook for Bitco ...

3 theses that will impact Ethereum and Bitcoin in the next bull market

After 2021, we entered an era in cryptocurrency where people stopped talking only about financial decentralization and started to broadly discuss the tokenization of everything, thanks in part to nonfungible tokens (NFTs).This shift represents a critical perspective that is set to guide th ...

How this all-in-one app bridges the gap between traditional banking and crypto

The overlap between traditional finance and cryptocurrencies has become more pronounced in the last few years, with some online crypto services offering Visa-backed cards supporting crypto payments. However, the infrastructure gap between traditional banking and crypto is barely narrowing. ...

JPMorgan rolls out programmable payments for institutional blockchain platform JPM Coin

Multinational banking firm JPMorgan has rolled out a programmable payment feature for institutional users of its private blockchain platform JPM Coin.Naveen Mallela, who heads up JP Morgan’s bank-led blockchain platform Onyx, shared details of the new functionality on LinkedIn via an initi ...

UK cryptocurrency scams jump 23%, young investors prime targets: Lloyds Bank

One of the Big Four banks in the U.K., Lloyds Bank, has said that reports of cryptocurrency investment scams by victims have surged by 23% in the current year compared to the same period in 2022.According to a press release published by Lloyds Bank, an increasing number of investors face t ...

Poloniex exchange suffers $100M exploit, offers 5% bounty

A crypto wallet belonging to the digital asset exchange Poloniex has experienced suspicious outflows, as seen on blockchain explorer Etherscan. Blockchain security firms believe that the company was breached, leading to as much as $100 million in crypto being drained by the attackers.  ...

China declares stealing digital collections like NFTs liable for criminal theft sentence

The Chinese government released a statement on Nov. 10 declaring that anyone stealing digital collections, such as nonfungible tokens (NFTs), will be subject to theft sentences. It outlines three views on the type of crime that theft of digital collections falls under, the first two c ...

Bridging TradFi with crypto innovations: AMA with XBTO

The latest Cointelegraph AMA, live on October 25, 2023, covered the journey of XBTO, a comprehensive platform for digital assets and tailored investment solutions catered to sophisticated non-US investors and institutions.. The special guest invited to talk about XBTO’s journey, impa ...

Institute for blockchain and crypto research opens in France

On Nov. 8, the first-of-its-kind Institute of Crypto-Assets held a formal opening at the Léonard de Vinci center in the business district just outside of Paris. The Institute will support and conduct research related to blockchain technology and cryptocurrencies. Its scientific board ...

Bitwise insists ‘no affiliation’ with startup facing SEC charges

Crypto index fund manager Bitwise Asset Management has stressed that it has no relationship with the failed technology startup Bitwise Industries, which is currently facing charges from the United States Securities and Exchange Commission.  ...

Web3 social media to disrupt a $100B market: Pop Social joins Cointelegraph Accelerator

The growth of social media has made it possible for everyone to become a content creator. And while the creator economy grew, incentives to become part of it continued to diminish. Since the $100 billion market is dominated by a handful of centralized platforms, creators hardly ever see a fair co ...

Financial Supervisory Commission of Taiwan awards first securitized token license

Taiwan's financial watchdog, the Financial Supervisory Commission (FSC), has awarded the country's first security token offering (STO) license to Cathay Securities.According to local news reports on Nov. 9, Cathay received regulatory approval for its "Sunshine Green Yield" STO bonds with a ...

Cryptocurrency charities can exploit the ‘gambler’s fallacy’ to reap larger donations — study

A team of academic researchers from the U.S. recently published a study exploring how the “gambler’s fallacy” affected cryptocurrency donations. Their findings indicate that organizations accepting crypto donations could benefit from timing the market. Essentially, the team’s work exp ...

Can crypto Privacy Pools help balance privacy and regulation?

Ethereum co-founder Vitalik Buterin recently authored a research paper, the primary focus of which was integrating privacy features into blockchain transactions while ensuring compliance with a range of regulatory requirements.Experts from various backgrounds collaborated on this research ...

U.S. lawmakers introduce CLARITY Act to limit federal ties with Chinese blockchain

U.S. Representatives Zach Nunn and Abigail Spanberger have jointly introduced the Creating Legal Accountability for Rogue Innovators and Technology (CLARITY) Act. The legislation aims to prohibit federal government officials from conducting business with Chinese blockchain companies.The Ac ...

Maine state treasurer to focus on handling abandoned cryptocurrency accounts

A report issued by the Office of the Maine State Treasurer highlighted the U.S. state’s interest in officially managing the abandoned and recovered crypto assets.The program evaluation report of Maine uncovered the state’s lack of preparedness when it comes to handling cryptocurrencies. It ...

India trained 3000 police officials on crypto investigations in 2022-23

The annual report from India’s Ministry of Home Affairs (MHA) revealed that officials from various cybercrime and police departments were trained in cryptocurrency forensics and investigation during the financial year 2022-23.The MHA, or the Home Ministry, highlighted that under the Narcot ...

Bitget integrates DeFi aggregator into crypto exchange app

Crypto exchange Bitget has integrated a decentralized finance (DeFi) aggregator into its crypto exchange application, allowing users to swap their tokens and access DeFi services through its Web3 Wallet.According to Bitget, the effort aims to provide users with options for trading their cr ...

AAA studio Ubisoft to develop Web3 gaming experience with Immutable

AAA gaming studio Ubisoft has partnered with blockchain game firm Immutable to collaborate on developing Web3 games through its Strategic Innovation Lab.An announcement shared with Cointelegraph said the two studios will combine their expertise to intertwine mainstream gaming development q ...

Stablecoins ‘not a safe store of value’: BIS

The Bank of International Settlements (BIS), a coalition of the world's central banks, criticized stablecoins as being "not a safe store of value" in its latest research report dated Nov. 8.In outlining its reasons, the BIS explained that from January 2019 to September 2023, fiat-backed st ...

HKEX-listed tech firm launches $15M Bitcoin fund

Linekong Interactive, a gaming and film production company headquartered in Beijing and listed on The Stock Exchange of Hong Kong (HKEX), is allocating $15 million to invest in projects building on the Bitcoin network.Wang Fang, the founder of Linekong, said in a Nov. 8 tweet tha ...

Idris Elba on his Stellar journey to unlocking human potential — Interview

In a modern world where technology is advancing rapidly thanks to tools like blockchains and AI, there are still many places grappling with age-old problems. Poverty, lack of access to clean water or electricity, and financial exclusion are battles many communities still face daily. And wh ...

Can blockchain solutions disrupt US inflation forecasting?

So much of the world’s economic steam depends on interest rates, which in turn are tied to inflation, i.e., the rate at which producer and consumer prices are rising. But measuring inflation isn’t easy. It is as much art as it is science. The world’s number one inflation index, ...

Blockchain game Illuvium goes mainstream with looming Epic Games Store listing

Blockchain-based game Illuvium is set to tap into an audience of millions of PC and mobile gamers with its upcoming listing on Epic Games Store, which is home to massively popular titles like Fortnite.Illuvium, an interoperable blockchain game developed by Illuvium Labs, will feature on Ep ...

EU banking watchdog proposes liquidity rules for stablecoin issuers

The aim of the new liquidity guidelines is to ensure that the stablecoin can be quickly redeemed even during turmoil market conditions to avoid the risk of any bank runs and contagion in a crisis situation.Under the proposed liquidity guidelines, stablecoin issuers must offer any stablecoi ...

Blockchain’s positive impact on sustainable development: Solana Breakpoint

Blockchain technology is having a tangible positive influence on environmental stewardship through innovative projects that are retiring carbon credits, generating staking yields to support ecological initiatives and incentivizing communities to monitor and protect natural resources.Cointe ...

Swiss crypto bank SEBA gets Hong Kong SFC license

Switzerland-based crypto bank SEBA AG has become the latest crypto-centered firm to obtain a license from the Hong Kong Securities and Futures Commission (SFC).SEBA’s Hong Kong subsidiary, SEBA Hong Kong, received the regulatory nod to offer a range of crypto-related services in the region ...

Cardano upgrade delays tied to ‘boring’ academic approach — CEO

Cardano has come under fire from critics for delays in the rollout of features and network upgrades. This slower-paced cadence, however, appears to be a badge of honor to Cardano Foundation CEO Frederick Gregaard, who said that the network is “boring,” considering the platform’s academic approach ...

Ripple, Onafriq partner for new payment corridors for Africa, UK, Australia and Gulf

Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under a deal with African mobile payments provider Onafriq.Onafriq will use Ripple Payments' blockchain technology along with with three partnering ...

Wintermute claims NEAR backed out of $11M stablecoin redemption deal

The NEAR Foundation and Aurora allegedly reneged on an offer to convert $11 million worth of USN stablecoins, Wintermute founder and CEO Evgeny Gaevoy has claimed.In a Nov. 7 X (Twitter) post, Gaevoy claimed NEAR refused to honor a commitment to facilitate the sale of $11.2 million worth o ...

Vietnamese Web3 coalition Ninety Eight launches $25M ecosystem fund

Vietnamese Web3 coalition Ninety Eight, creator of the Coin98 decentralized finance (DeFi) ecosystem, has launched a $25 million ecosystem fund dedicated to accelerating Web3 startups in Asia.According to the Nov. 7 announcement, the fund will provide financial and strategic support for se ...

Bitcoin Ordinals see resurgence on Binance listing

Ordinals, a BRC-20 token collection minted on the Bitcoin blockchain, have surged by 40.8% in the past 24 hours to $10.19 after listing on crypto exchange Binance.According to Binance's Nov. 7 announcement, traders can now trade Ordinals (ORDI) against Tether (USDT), Bitcoin (BTC), an ...

‘107,000 GPUs on the waitlist’ — io.net beta launch attracts data centers, GPU clusters

Over 100,000 GPUs from data centers and private clusters are set to plug into a new decentralized physical infrastructure network (DePIN) beta launched by io.net.As Cointelegraph previously reported, the startup has developed a decentralized network that sources GPU computing power from va ...

VARA demonstrates how regulators can work in tandem with the market: VARA Vice Chair

The Virtual Assets Regulatory Authority [VARA] is one of the earliest world regulatory bodies to release comprehensive crypto assets regulations to promote crypto-related activities in Dubai. Established in March 2022, VARA was created to promote the Emirate as a regional and international hub fo ...

Fiat on-ramps, banking partners crucial for institutional Web3 adoption – European Blockchain Convention

Fiat payment rails and neobanking services are becoming a vital cog in driving mainstream adoption and acceptance of the wider cryptocurrency space, according to key industry figures at the intersection of traditional finance and Web3.Executives from OpenPayd, Ramp Network and Damex unpack ...

BNB Smart Chain scam losses dropped 75% in Q3: Report

Scams facilitated on BNB Smart Chain (BSC) decreased from $55.4 million in the second quarter of 2023 to $13.6 million in the third quarter, according to an AvengerDAO report contributed to by security firm HashDit. This represents a 75% drop in the amount lost to scams.According to the se ...

Fiat on-ramps, banking partners crucial for institutional Web3 adoption – European Blockchain Convention

Fiat payment rails and neobanking services are becoming a vital cog in driving mainstream adoption and acceptance of the wider cryptocurrency space, according to key industry figures at the intersection of traditional finance and Web3.Executives from OpenPayd, Ramp Network and Damex unpack ...

Kraken looking to ‘solve’ industry challenges amid layer-2 rumors

Crypto exchange Kraken neither confirmed nor denied rumors of the company’s plans to potentially release a layer-2 solution similar to what its competitor Coinbase did with Base network earlier this year. The rumors were fueled by reports citing anonymous sources and a job posting fro ...

South Korean telco to launch Web3 wallet with Aptos and Atomrigs Lab

South Korean telecom giant SK Telecom (SKT) announced plans to launch a Web3 wallet service, T wallet, in partnership with layer 1 mainnet Aptos Labs and Atomrigs Lab.SK Telecom’s vision to launch a blockchain wallet for cryptocurrencies and nonfungible tokens (NFTs) dates back to Ju ...

LHV Bank founder has $470M worth of Ether, but lost his private key

The founder of Estonia-based LHV Bank, Rain Lõhmus, has been revealed as the owner of a massive 250,000 Ether (ETH) stash bought during the Ethereum ICO, which is now worth an eye-watering $470 million. There's only one problem. He no longer has the keys. In Februar ...

Ava Labs cuts 12% of staff to ‘reallocate resources’ toward expansion

Ava Labs, the team behind the Avalanche Blockchain, has confirmed it laid off 12% of its employees in a recent wave of staff cuts, citing the need to reallocate its resources.The firm’s founder and CEO Emin Gün Sirer confirmed the news on Nov. 7 after several former Ava Labs emp ...

Binance’s spot trading market share falls to 40% in 2023: Report

Crypto exchange Binance's market share in spot trading has fallen to 40% in late 2023, compared to 62% a year ago.According to the November 6 report by blockchain analytics firm 0xScope, the exchange has lost one-third of its market share in the past 12 months. "Binance's spot trading volu ...

Will the next crypto bull run be dominated by L1s, L2s or something else?

The long-awaited “crypto spring” may be upon us as Bitcoin (BTC) and other cryptocurrency markets rise in anticipation of a full-on bull market. Over the recent crypto winter, many different projects have been growing, gaining users and building new networks. Some of these, like Polyg ...

Conflux multichain protocol shuts down after two years

ShuttleFlow, the ecosystem multichain protocol operated and maintained by Conflux Foundation, also known as the Shanghai Tree-Graph Blockchain Research Institute, will shut down after two years. The ShuttleFlow technology stack will instead be transferred to Web3 studio Zero Gravity, ...

Yuga Labs addresses Apefest ‘vision damage’ issue; community calls out poor management

Several attendees of Yuga Labs’ ApeFest event on Nov. 4 in Hong Kong reported eye-related issues, including burns, damaged vision and “extreme pain” in their eyes.Yuga Labs’ official X account has now addressed the issue, claiming they are aware of the reports of po ...

NFT sales volume jumps to $129M in November: Data

Nonfungible tokens (NFTs) have seen a steady increase in terms of weekly Ether (ETH) sales volume, according to the blockchain analytics platform Nansen. In a tweet, Nansen highlighted that on the week ending on Oct. 9, NFT sales were at 29,704 ETH, worth around $56 million at current ...

How blockchain, AI can help research into extending human life

Blockchain and artificial intelligence (AI) have long been paired to change how people view identity and verification. Between those innovations come data, described by experts as the new oil — extracted, amassed, refined, processed and turned into something useful.While most blockch ...

London Stock Exchange seeks digital assets director

The London Stock Exchange Group (LSEG), the parent company of the London Stock Exchange and other fintech companies, has posted on LinkedIn that it's seeking a director of digital assets. LSEG says it is looking for candidates who have a “passion for and understanding of digital asset ...

Spot Bitcoin ETF hype reignited zest for blockchain games: Yat Siu

Enthusiasm surrounding a possible spot Bitcoin (BTC) exchange traded fund (ETF) isn’t just driving up the price of Bitcoin — it's also sparked a resurgence of enthusiasm for blockchain games, says Animoca Brands founder Yat Siu. Speaking to Cointelegraph at Hong Kong Finte ...

VC Roundup: private accounts, tokenization, and healthcare infrastructure grab investors’ attention

Blockchain-based startups continue to gather funding during the current bear market, with MetaMask partner Blockaid raising $33 million in October. However, the overall funding in the crypto industry has dropped to levels last seen in 2020, amassing $2.1 billion over 297 deals in the third quarte ...

Monero’s community wallet loses all funds after attack

A recent attack compromised Monero’s community crowdfunding wallet, wiping out its entire balance of 2,675.73 Monero (XMR), worth nearly $460,000.The incident took place on Sept. 1 but was only disclosed on GitHub on Nov. 2 by Monero’s developer Luigi. According to him, the source of the b ...

Crypto portfolio management platform MC2 Finance joins Cointelegraph Accelerator

Decentralized finance (DeFi) might hold immense potential to solve the problems faced by traditional finance (TradFi). However, DeFi still struggles with onboarding new users -both retail and institutional- due to its limitations on the user experience side. Despite all the innovation ...

Crypto lawyer says $20M settlement is 99.9% win for Ripple

Prominent cryptocurrency attorney John E. Deaton has offered insights into the Ripple Labs XRP lawsuit against the Securities and Exchange Commission (SEC). He contends that a settlement valued at $20 million or less would constitute a significant legal triumph for the company.In a recent ...

Blockchain adoption continues unabated — Bloomberg analyst

Should the current rate of adoption continue, blockchain technology could have 100 million daily users by 2028, according to projections by Bloomberg Intelligence analyst Jamie Coutts. On X (formerly Twitter), Coutts pointed out that blockchain adoption has been "unabated" throughout ...

TradFi meets DeFi: Swiss meta-exchange unifies trading across FX, CEXs and DEXs

Crypto gets traditional finance treatment with the Smart Engine, a first-of-its-kind meta-exchange by SwissBorg. Unifying the experience for FX, CEX and DEX trading, Smart Engine has recently integrated with Solana, bringing direct fiat on-ramps for Solana-based projects.The cryptoc ...

Boba Guys, Shopify users showcase adoption of Web3 tools – Solana Breakpoint

Web3 tools powered by layer-1 blockchain Solana are driving tangible returns and delivering deep customer data insights, according to prominent mainstream brands and companies that attended Solana Breakpoint.The four day conference hosted in Amsterdam in 2023 attracted a wide variety of bu ...

FTX claims climb to 57% as Sam Bankman-Fried found guilty on all counts

The current claim pricing of FTX has reached a maximum of 57%, according to data from Claims Market. The increase in FTX’s claim pricing is attributed to the valuation of the Artificial intelligence (AI) companies that the now-bankrupt crypto exchange previously invested in. Creditors ...

Apple MacOS malware targets crypto community and engineers

A new malware discovered on Apple’s macOS — tied to the North Korean hacking group Lazarus — has reportedly targeted blockchain engineers of a cryptocurrency exchange platform.The macOS malware “KandyKorn” is a stealthy backdoor capable of data retrieval, dire ...

‘We were worried about ecosystem startups’ — Solana CEO on FTX collapse

The now-infamous collapse of FTX sent shockwaves through the broader cryptocurrency space in 2022, but the Solana ecosystem was particularly hard hit in the fallout. Speaking exclusively to Cointelegraph at the latest edition of the Solana Breakpoint conference hosted in Amsterdam, So ...

Law professor says blockchain tech could ‘revolutionize’ copyright offices

A professor from the Texas A&M University School of Law recently published research exploring blockchain technology use cases in the world of copyright administration. According to their findings, blockchain has the potential to radically alter the way intellectual property is handled both “d ...

This platform enables NFT creation with email: Why it’s important for legal teams

On top of the fraud and scam issues related to crypto, NFTs also require intellectual property management. Web3 platform Niftyz aims to add legal clarity to the NFT market by using blockchain-verified emails to create and protect NFTs.The crypto industry is growing remarkably, even ...

Jury directions begin in Sam Bankman-Fried criminal trial

Closing arguments for the criminal trial of Sam Bankman Fried (SBF), the disgraced founder of crypto exchange FTX, have officially concluded with U.S. Southern District of New York Judge Lewis Kaplan moving to jury instructions.As per the indictment from last December, Bankman-Fried faces ...

SafeMoon hacker’s use of centralized exchanges could help law enforcement: Match System

SafeMoon, a decentralized finance project exploited in March, resulting in a net loss of $8.9 million in BNB, has been charged by the United States Securities and Exchange Commission and its key executives for security rules violations and frauds. The funds associated with the exploit have ...

TradFi gets crypto boost: Renegade joins Cointelegraph Accelerator

As the crypto industry continues to grow, it becomes increasingly intertwined with traditional finance (TradFi) to the benefit of end users. TradFi is notoriously slow, inefficient and expensive. International wire transfers, which take days and double-digit dollar fees in most cases, are a perfe ...

Trader exploits Multichain opening to turn $280k to $1.9M; community suspects insider job

A wallet address turned nearly 1.9 million FTM worth $280,000 to $1.9 million within hours of exploiting the long-frozen Multichain Bridge opening momentarily, leading to insider job speculations among the crypto community.The Multichain Bridge, frozen since its exploit in July 2023, opene ...

Axie Infinity developer brings Japanese Web2 games to Ronin

On November 2, Sky Mavis, the developer behind the popular monster-battle nonfungible tokens (NFT) game Axie Infinity, announced a partnership with Korean gaming studio Act Games, to bring a variety of Japanese video game franchises to its native Ronin blockchain.In an email seen by Cointe ...

Breaking: Some Multichain transactions are confirmed as queue unwinds

Hacked cross-chain protocol Multichain has confirmed some transactions, and its backlog of queued transactions has declined to only a single transaction, according to data from Multichain's explorer tool. Blockchain data confirms that some of the transactions have been confirmed on the destinatio ...

Lazarus used ‘KANDYKORN’ malware in attempt to compromise exchange —Elastic

Lazarus Group used a new form of malware in an attempt to compromise a crypto exchange, according to an October 31 report from Elastic Security Labs. Elastic has named the new malware “KANDYKORN” and the loader program that loads it into memory “SUGARLOAD,” as the loader file has a novel “ ...

Visa completes digital Hong Kong dollar pilot test with local banks

Payment processor Visa has completed the Hong Kong Monetary Authority's central bank digital currency (CBDC) Pilot Programme with HSBC and Hang Seng Bank.According to the November 1 announcement, the e-HKD Programme involves tokenization of deposits, where the money deposited with a bank i ...

Worldcoin claims 4 million app downloads and 1 million active users

Iris-scanning project Worldcoin has reached a new milestone, as its mobile World App has now been downloaded over 4 million times, according to a November 1 blog post from the project’s team. If this number is eventually confirmed by Coingecko, it could place World App in sixth place in Coi ...

HSBC and Ant Group test tokenized deposits under HKMA sandbox

Banking giant Hong Kong and Shanghai Banking Corporation (HSBC) have tested the use of tokenized deposits – from issuance to transfer to redemption – with major Chinese banker Ant Group, founded by Jack Ma, in a sandbox arranged by the Hong Kong Monetary Authority.The initiativ ...

Canadian MP urges community to study Bitcoin, cites Gensler’s pre-SEC stance

On the 15th anniversary of Bitcoin white paper release, Canadian Member of Parliament (MP) Joël Lightbound took the opportunity to thank the pseudo-anonymous creator Satoshi Nakamoto on the floor of the Canadian parliament while advocating for people to study Bitcoin.During his speech ...

Onyx Protocol exploiter begins siphoning $2.1M loot on Tornado Cash

Decentralized peer-to-peer lending protocol Onyx Protocol lost roughly $2.1 million in an exploit of a market with no liquidity that was deployed on Oct. 27. The Onyx Protocol hacker exploited a known bug, a rounding issue behind the popular CompoundV2 fork, explained blockchain inves ...

FTX and Alameda Research wallets send $13.1M in crypto to exchanges overnight

The crypto wallets linked to now-defunct crypto exchange FTX and its sister trading firm Alameda Research have sent over $13 million in different altcoins to numerous crypto exchanges early on Nov. 1.According to data from on-chain analysis firm Spotonchain, the FTX wallet first transferre ...

NEAR taps Nym for metadata privacy, encryption services

Layer 1 protocol NEAR has tapped blockchain security firm Nym to provide end-to-end encryption and metadata privacy services for its ecosystem.Nym, which provides blockchain agnostic ‘layer 0’ privacy infrastructure, will avail its mixnet tools to encrypt and cloak blockchain traffic and c ...

Invesco and Galaxy’s joint spot Bitcoin ETF added to DTCC’s site

The ticker for Invesco and Galaxy's spot Bitcoin (BTC) exchange-traded fund (ETF) — BTCO — has appeared on the Depository Trust and Clearing Corporation’s (DTCC) website. Invesco's Galaxy spot Bitcoin ETF product is listed on the DTCC's site. Source: DTCCAccording to web archiver WayB ...

SBF criminal trial moves to closing arguments

The ongoing criminal trial involving FTX founder Sam Bankman-Fried (SBF) will move into closing arguments on November 1. On Day 15 of the SBF trial, lead defense attorney Mark Cohen's request for acquittal was denied by presiding judge Lewis Kaplan. Instead, the case will move to clos ...

October sees a comparative lull in crypto crime with losses of $32.2M: CertiK

Web3 theft hit a low point for the year so far in October, CertiK reported. Losses to hacks, exploits and scams confirmed by the blockchain security firm amounted to $32.2 million for the month across 38 incidents, with no single incident leading to a loss of over $7 million.Compared to th ...

The future of crypto trading is hybrid — Interview with Phemex

Traditional finance (TradFi) prioritizes security, while decentralized finance (DeFi) champions innovation and accessibility. Combining the strengths of centralized (CEX) and decentralized (DEX) exchanges in hybrid exchanges can unleash innovation and enhance asset security.With hyb ...

SBF says spending FTX customers’ money was part of ‘risk management’: Report

Sam Bankman-Fried (SBF), the founder of cryptocurrency exchange FTX, claims that spending clients' fiat deposits was just part of "risk management" for his intertwined crypto hedge fund Alameda Research.During the former crypto executive's court testimony on October 31, prosecutor Danielle ...

Ethereum layer 2’s will continue to have diverse approaches to scaling — Vitalik Buterin

The Ethereum layer-2 ecosystem is likely to continue evolving with diverse technological approaches, according to co-founder Vitalik Buterin.The co-founder of the smart contract blockchain unpacked the current landscape of Ethereum’s scaling ecosystem on his personal blog, with sever ...

Sam Bankman-Fried lawyers pitch for changes to judge’s jury instruction

Attorneys representing former FTX CEO Sam Bankman-Fried have written another letter to the presiding judge, seeking changes to the jury instructions. In the letter addressed to Judge Lewis Kaplan, the defense attorneys requested that the jury consider the role of English law in governing FTX’s te ...

Leveraging automated trading tools can be a game-changer in the volatile crypto market

At the end of October, Bitcoin (BTC) managed to break above a strong resistance level and continued to rise, reaching the psychological level of $35,000, the highest in about 16 months.This is good news for active crypto traders, who have been waiting for such a long-awaited bull ru ...

TradFi goes crypto: Finance giant brings decades of experience to new crypto exchange

The crypto world is volatile, with users steadily seeking a sense of trust and security. Now, a traditional finance giant, MultiBank Group, wants to change the global perception of crypto for the better with its know-how and expertise spanning over two decades.It’s hard to claim tha ...

Rising M2 money supply will see crypto become ‘Super Massive Black Hole’: Raoul Pal

The rising total money supply (M2) could propel crypto into another bull rally and help it outperform the traditional markets, according to Raoul Pal, co-founder and CEO of financial media platform Real Vision. Pal’s X post highlighted the correlation between the rising fiat market supply and the ...

Web3 gaming investors more ‘choosy’ in crypto winter – Animoca’s Robby Yung

Investing in Web3 gaming has required a greater level of due diligence through a testing cryptocurrency bear market, according to Animoca Brands CEO Robby Yung.Yung, who is also co-founder of popular Metaverse platform The Sandbox, highlighted more robust check-boxes when considering Web3 ...

Unibot contract $560K exploit crashes token price by more than 40%

A new contract deployed on Oct. 29 by Unibot, a popular Telegram bot used to snipe trades on the decentralized exchange Uniswap, was reportedly exploited to hack roughly $560,000 in various memcoins from users.On Oct. 31, blockchain security firm Scopescan alerted Unibot users about an ong ...

Bitcoin white paper turns 15 as Satoshi Nakamoto’s legacy lives on

Today marks 15 years since the pseudonymous creator of Bitcoin, Satoshi Nakamoto, shared the Bitcoin (BTC) white paper to a mailing list of cryptographers on Oct. 31, 2008 — a date also annually celebrated as Halloween.“I’ve been working on a new electronic cash system th ...

AVAX blockchain explorer to shut down as Etherscan fees draw controversy

Snowtrace.io, a popular blockchain explorer tool for Avalanche (AVAX), will shut down its website, powered by Etherscan's Explorer-as-a-Service (EaaS) toolkit, on November 30. The Snowtrace team clarified that only its explorer powered by Etherscan will be shut down.According to the Octobe ...

Fed up with banks and centralized exchanges? It’s time for a change

A cutting-edge crypto platform says it offers all the advantages of centralized exchanges in a noncustodial environment. Changex offers seamless on and off-ramps to fiat, effortless purchases via bank transfers and debit cards, and cross-chain swaps for speedy conversions between digital a ...

ZkDay conference and Pitch competition comes to Istanbul on Nov. 13

Zero knowledge-proof (ZK-proof) scalability solutions have grown in prominence in the crypto ecosystem in recent years, making way for several ZK-focused conferences and events. A marquee ZK conference dedicated to the growing community will take place on Nov. 13 in Istanbul, Turkey. ZkDay is hos ...

The hype of tokenizing real world assets — a Swiss stablecoin use case

Stablecoins are essential to cryptocurrency markets, and traditional payment systems, especially cross-border ones, can also benefit from them. Edelcoin sets a new standard for stablecoins, offering low volatility, inflation protection, and zero reserve investment risk. Its verified reserv ...

Crypto thief steals $4.4M in a day as toll rises from LastPass breach

At least 25 people have reportedly seen $4.4 million in crypto drained from across 80 wallets due to a 2022 data breach that impacted password storage software LastPass.In an Oct. 27 X (Twitter) post, pseudonymous on-chain researcher ZachXBT said they and MetaMask developer Taylor Monahan ...

Community-powered crypto trading: CryptoRobotics joins Cointelegraph Accelerator

Crypto market charts can make traders feel exhausted just by looking at them, and chances are high that this contributed to the prolonged bear season. After experiencing historic lows for well over a year, both first-timers and experienced traders are looking for ways to stay afloat in the crypto ...

How Web3-powered streaming platform connects viewers and creators

A Web3-powered streaming platform, Replay vows to transform the entertainment industry — empowering viewers and creators alike. It allows audiences to be rewarded for their attention, all while unlocking new revenue streams for talented individuals behind the camera.The entertainmen ...

9 protocols criticize LayerZero’s ‘wstETH’ token, claiming it’s ‘proprietary’

A new bridged token from cross-chain protocol LayerZero is drawing criticism from nine protocols throughout the Ethereum ecosystem. A joint statement from Connext, Chainsafe, Sygma, LiFi, Socket, Hashi, Across, Celer, and Router on October 27 called the token’s standard “a vendor-lock ...

Audits and rug-pulled projects, a $650B token burn, and major DeFi protocol quits UK: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi was filled with bullish resurgences for many projects, but it was the Uniswap fou ...

Blockchain congestion and transaction queues actually deter ‘nefarious actors’ — Study

Researchers from Florida Atlantic University and the University of Mississippi recently published research indicating that blockchains with “full” blocks — especially when there’s a transaction queue — appear to have an added layer of protection against nefarious actors, money launderers, and wou ...

Fintech, DeFi, GameFi, and more: Web3 startups kick off Cointelegraph Accelerator second cohort

Cointelegraph Accelerator, a startup booster that leverages Cointelegraph’s capabilities as a media and strategic partner, announced its second cohort launching in October 2023 for up-and-coming Web3 startups.Selected from over 1000 startup applications, the 16 participants of the second c ...

dYdX launches layer 1 blockchain, validators and stakers set to receive all fees

Decentralized cryptocurrency exchange dYdX has launched its layer 1 blockchain with the creation of its genesis block which will operate using native DYDX tokens.The dYdX Chain is set to distribute all fees to validators and stakers in USD Coin (USDC). This includes trading fees denominate ...

Fantasy football game on Telegram: Fanton joins Cointelegraph Accelerator

What’s a better way than combining the world’s most popular sports with Web2’s most socialized aspects to introduce new users to Web3 through gaming? Association football, or soccer, boasts the largest fan base among sports enthusiasts, with over 3.5 billion estimated people rooting for their fav ...

Fireblocks, UniPass wallet tackle Ethereum ERC-4337 account abstraction vulnerability

Cryptocurrency infrastructure firm Fireblocks has identified and assisted in tackling what it describes as the first account abstraction vulnerability within the Ethereum ecosystem.An announcement on Oct. 26 unpacked the discovery of an ERC-4337 account abstraction vulnerability in the sma ...

Scammers create Blockworks clone site to drain crypto wallets

Phishing scammers have cloned the websites of crypto media outlet Blockworks and Ethereum blockchain scanner Etherscan to trick unsuspecting readers into connecting their wallets to a crypto drainer.A fake Blockworks site displays a fake “BREAKING” news report of a supposed mul ...

SBF grilled in court on deleted messages during testimony

Disgraced FTX founder Sam “SBF” Bankman-Fried tried to explain his rationale for deleting corporate messages during a closed-door testimony without the presence of the trial’s jury on Oct. 26. When prompted as to why he started using corporate communications on the encrypted messaging ...

Gary Gensler teases details of SEC’s $5 billion take from enforcement actions, shades crypto

The United States Securities and Exchange Commission (SEC) chief Gary Gensler’s speech before the 2023 Securities Enforcement Forum shed light on the regulatory body’s enforcement actions that led to $5 billion in judgments and orders. However, Gensler’s dig at the cryptocurrency market became a ...

Hashing It Out: A case for Web3 social media, and is Friend.tech a security?

The Web3 industry continues its mission to disrupt the World Wide Web, and social media is one of its primary targets. In the 34th episode of Cointelegraph’s Hashing It Out, host Elisha Owusu Akyaw interviews Ryan Li, co-founder of CyberConnect, about the concept of decentralized social media.&nb ...

Blockchain-based virtual nations: A new era of governance and inclusivity — Q&A with Jur Network and Draper Startup House

Blockchain-based virtual nations are an emerging concept in the digital realm that seeks to address various societal and governance needs like reduced bureaucracy, better legal systems, cheaper services, democratic decision-making and inclusivity. These virtual nations are decentralized, b ...

Bitcoin dominance hits 54% — Highest in 2.5 years as BTC halving approaches

Bitcoin’s (BTC) market dominance has reached 54%, its highest in the last 30 months, indicating the top cryptocurrency is strengthening just before the halving event scheduled for April 2024.The Bitcoin halving is an event in which the mining reward per block is halved, thus cutting ...

Neon Machine raises $20M Series A for blockchain-based Call of Duty competitor ‘Shrapnel’

Web3 gaming developer Neon Machine raised $20 million in series A funding toward the development of its highly-anticipated extraction shooter “Shrapnel.” This round follows a $10.5 million seed round completed in June of 2021. It was led by Polychain Capital and included funding from ...

Court-ordered NFTs and the importance of Web3 randomness: Nifty Newsletter

​​Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.In this week’s newsletter ...

Revolutionizing whitelist marketplace for Web3: WhiteList Zone partners with Cointelegraph Accelerator

In the Web3 space, one of the key challenges for new projects and products is to get a motivated audience and for crypto-enthusiasts and investors — to find the most promising projects and get in earlier than others. This is where whitelists step in, addressing several critical aspects.A w ...

Bitfinex Securities announces tokenized bond

Bitfinex Securities, a platform focused on listing real-world tokenized securities has announced its first tokenized bond that will be listed later in November this year. The new tokenized bond called ALT2611 is a 36-month, 10% coupon bond, denominated in USDT and issued by Mikro Kapital, one of ...

Telegram trading bot Maestro refunds users 610 ETH after router exploit

Maestrobots, a group of cryptocurrency bots on the Telegram messenger, is refunding users in the aftermath of a 280 Ether (ETH) attack.The Maestro team refunded the users affected by the Maestro Router 2 contract, the platform announced on X (formerly Twitter) on Oct. 25. According to the ...

Staking on LUKSO? Look no further: A new liquid staking protocol just went live

The liquid staking protocol, LEEQUID, eliminates entry barriers for crypto enthusiasts seeking to stake their coins. It is designed to be user-friendly, catering to individuals lacking technical expertise in running their nodes. It is the first staking pool for LUKSO, a newly released laye ...

BlackRock fined $2.5M by SEC for incorrect investment disclosure

The United States Securities and Exchange Commission has fined investment adviser BlackRock Advisors $2.5 million, accusing it of failing to accurately describe investments in the entertainment industry that comprised a significant portion of a publicly traded fund it managed.Acc ...

Vodafone, Sumitomo team up with Chainlink to explore trade documents network

Vodafone Digital Asset Broker (DAB) has joined the Chainlink network as a node operator after completing a proof-of-concept with Japanese trading and investment company Sumitomo for exchanging trade documents across platforms. The companies hope to improve document transfer and processing of fina ...

dYdX publishes its open-source code in anticipation of phased mainnet launch

Crypto exchange dYdX has published the open source code for its new Cosmos-based network of the same name, according to an October 23 blog post. The new code includes the “protocol, order book, front-end, and more,” the post stated. The publication of the code is intended to pave the ...

Games need decentralized randomness to be fair

Quantum mechanics tells us that what looks like a highly predictable and orderly universe is built on a world of unpredictability and mere probability. While the quantum world looks bizarre, it can be understood and even harnessed for technology like semiconductors, LEDs, and quantum cryptography ...

Busy week for Uniswap, and Platypus recovers 90% of hacked funds: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi was dominated by developments in the popular decentralized exchange platform Unis ...

Simplifying Web3 adoption with solutions tailored for businesses and enterprises

The digital era is in full swing, and with it comes a surge of opportunities that promise to redefine the business landscape. The buzz around blockchain technology and Web3 functionalities is real and for a good reason.They are not just buzzwords but gateways to unparalleled securit ...

Web3 game project allegedly hired actors to pose as executives in $1.6M exit scam

On Oct. 10, the development team for gaming project FinSoul carried out an alleged exit scam, siphoning away $1.6 million from investors through market manipulation, according to a recent report from blockchain security platform CertiK shared with Cointelegraph. The FinSoul team alleg ...

Reddit mods dumped tokens hours before blockchain program termination

Popular social network platform Reddit announced the wind-down of its blockchain-based community points program on Oct. 17 citing scalability issues. The announcement created controversy in the crypto community with many calling it a rug-pull as the price of the native token on different subreddi ...

Blockchain improves charity transparency — But is it right for everyone?

In 2021, the Australian branch of the Red Cross received $90 million to aid the victims of the bushfires that plagued various regions of New South Wales and Victoria. However, the organization soon came under fire for its lack of transparency when it revealed that it would only distri ...

Google Cloud teams up with MultiversX amid blockchain firm’s focus on metaverse

Google Cloud has teamed up with blockchain infrastructure firm MultiversX (formerly Elrond) to boost its Web 3 presence. Google Cloud has integrated MultiversX into the platform which will in turn help Web3 projects and users derive valuable insights from powerful data analytics and artificial in ...

How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

While the development of artificial general intelligence (AGI) comes with a truckload of benefits, it also comes with massive risks if the technology falls into the wrong hands. However, decentralization using blockchain technology might help prevent a catastrophe, according to Janet Adams, the c ...

EtherHiding: Why hackers may prefer Binance’s BNB Smart Chain

Despite the name “EtherHiding,” the new attack vector that hides malicious code in blockchain smart contracts doesn’t have much to do with Ethereum at all, cybersecurity analysts have revealed.As reported by Cointelegraph on Oct. 16, EtherHiding has been discovered as a new way for ba ...

‘This will be our last post’ — LBRY throws in towel against the SEC

Blockchain company LBRY Inc. — the creators of the LBRY blockchain — has issued its final message to the crypto, citing “several million dollars” of debts that have now made it impossible for the firm to continue.“This will be our last post,” said the LB ...

Coinbase open sources code for layer-2 network Base

Coinbase layer-2 network Base has announced it has open-sourced its code repositories and smart contracts to increase transparency and accountability while simultaneously allowing public contributions to the project. In an Oct. 19 blog post, Base announced that as of today, developers ...

Why the 2024 Bitcoin halving may play out differently than in the past

The impact of the Bitcoin halving on crypto prices is often overestimated and the next halving, set for April 2024, may play out differently than previous ones, according to a leading analyst.The halving event, which every four years, cuts in half the rate by which new Bitcoins are created ...

MultiversX eyes Metaverse scalability as CEO sheds light on spatial computing

The Metaverse concept gained a lot of traction both from the crypto community and venture capital firms during the peak of the bull run. The likes of Meta (Facebook) and Apple joining the metaverse bandwagon only gave more legitimacy to the concept. However, the approach of both multi-billion dol ...

Coinbase selects Ireland as its European crypto hub

The United States-based cryptocurrency exchange Coinbase is strengthening its presence in Europe and has officially announced Ireland as its chosen main European crypto hub.Coinbase has selected Ireland as its EU entity location of compliance with Europe’s major cryptocurrency regulatory f ...

India state refiner HPCL uses blockchain to verify purchase orders

India’s state-run refiner Hindustan Petroleum (HPCL), one of India’s largest oil and gas companies, is launching a blockchain system to enable automated verification of purchase orders (POs).HPCL has partnered with the blockchain software firm Zupple Labs to integrate its blockchain-based ...

IRS crypto tax reporting rules threat to industry — Coinbase legal chief

Coinbase crypto exchange chief legal officer Paul Singh Grewal called upon the crypto community to join the movement against the United States Treasury’s proposed tax reporting regulations on cryptocurrencies. Grewal urged the community to oppose the proposed regulations as it could set a d ...

Bitcoin Amsterdam highlights hurdles for consensus over improvement proposals

Bitcoin (BTC) core developers have long been at odds over improvement proposals (BIPs) to address pain-points of the protocol, as was evident in a heated panel during Bitcoin Amsterdam.Long-time Bitcoin developers Paul Sztorc and Peter Todd brought this to the fore in Amsterdam, with the l ...

Starknet and zkSync buck trend as crypto ecosystems shed devs by 28%

Ethereum layer-2 scaling solutions Starknet and zkSync are among the few platforms to have increased their total monthly active developer counts over the last 12 months, data shows.While Starknet and zkSync only recorded increases of 3% and 6%, respectively, the likes of Ethereum, Polygon ...

Aptos resumes operations after 5-hour outage that ‘impacted’ transactions

Layer-1 blockchain Aptos Network has returned to normal operations after a lengthy five-hour outage that saw transactions on its network “impacted."According to the AptoScan network tracker, on-chain transactions on the Move language-based blockchain were halted at 11:11 pm UTC on Oc ...

Sui token struggles to regain despite denial of ‘unfounded’ allegations

Sui’s native SUI token has struggled to regain ground after plunging more than 9% amid allegations from South Korean regulators, which have accused the Sui Foundation of manipulating the supply of the token for its own gain. SUI token gained a little under 1% in the last 24 hour ...

Keep it simple: Cryptonauts shares tips on growing a crypto YouTube channel

While the term “fake news” has been floating around for a while, the phrase was given new life and popularity when former United States President Donald Trump turned it into a viral campaign slogan. “Fake news” eventually became a generation-defining meme, and this is likely because there is a ce ...

This play-to-earn game offers NFTs linked to physical items like gold

Blockchain gaming is going from strength to strength — underpinned by the explosion of nonfungible tokens, which continue to achieve mainstream adoption. The FRUITS Eco-Blockchain Project is building on this momentum by allowing NFTs to be redeemed for a coveted, real-world object: a physi ...

Reddit to wind down blockchain-based rewards service ‘Community Points’

Reddit has said it will soon shutter its long-running, blockchain-based rewards service “Community Points,” citing scalability concerns. In an official Oct. 17 announcement in the r/cryptocurrency subreddit, a Reddit team member said while the platform saw “some futu ...

Gamers can now explore Mars in Tesla-inspired Cybertrucks — Here’s how

The Web3 game Mars4, which allows players to explore the surface of Mars, has unveiled two new exclusive rovers inspired by Tesla's Cybertrucks.For decades, space enthusiasts have had a fascination with Mars. NASA's Perseverance rover is giving us regular insight on what life is lik ...

Platypus Finance recovers 90% of assets lost in exploit

Decentralized finance (DeFi) protocol Platypus Finance said it had recovered 90% of assets that were stolen in a security breach last week.According to the October 17 announcement, developers said the protocol's net loss was limited to "18,000 Avalanche," worth $167,400 at the time of publ ...

Immutable delays $67M token vesting by another year

Developers of Ethereum layer-2 nonfungible tokens (NFT) scaling solution Immutable (IMX) will delay the vesting of 125 million IMX in token rewards, worth $67 million at the time of publication, to July 2024.According to the October 17 announcement by Robbie Ferguson, Immutable's co-founde ...

Fantom Foundation hacked for an estimated $6.7M: Report

Fantom Foundation, developers of the Fantom network, have reportedly been hacked for over $6.7 million worth of cryptocurrency. Blockchain data shows that an address labeled “Fake_Phishing188024” was sent over 2,000 Convex (CVX) tokens and other cryptocurrencies from a kno ...

Banks’ crypto exposure must be disclosed — BIS’ Basel Committee

The Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) released a consultation paper on Oct. 17, proposing to make it compulsory for banks to disclose their crypto exposure. The Basel Committee comprises central banks and financial authorities from 28 ju ...

Ripple job posting hints at possible IPO, XRP community says

The fintech company Ripple released a new job posting on Oct. 16 for the role of ‘Shareholder Communications Senior Manager,’ across multiple locations in and outside the United States. The job posting prompted many crypto enthusiasts to label it as an official hint about the company& ...

Ethereum co-founder Vitalik Buterin sends $15M of USDC to Gemini

Blockchain sleuths have zeroed in on a recent transaction from a wallet associated with Ethereum co-founder Vitalik Buterin, where he transferred $14.9 million worth of USD Coin (USDC) to the cryptocurrency exchange Gemini.According to an Oct. 17 post from blockchain analytics firm PeckShi ...

Clarification on sharing false spot Bitcoin ETF news

Dear Cointelegraph readers,We are incredibly grateful for the support and trust you have placed in our publication over the last 10 years. We strive to deliver the most thoughtful, engaging and impactful news affecting the cryptocurrency space.Earlier today, during routine coverage, ...

Uniswap to charge 0.15% swap fees beginning Oct. 17

Decentralized exchange Uniswap (UNI) will begin charging a 0.15% swap fee on certain tokens in its web application and wallet on October 17.According to a post by Hayden Adams, the DEX's founder, the affected tokens are Ethereum (ETH), USD Coin (USDC), Wrapped Ether (WETH), Tether (USDT), ...

ZK-focused Manta Pacific opts out of OP Stack for Polygon CDK

Manta, a blockchain network focusing on zero-knowledge (ZK) applications, will migrate its software from OP Stack to Polygon CDK, according to an October 16 announcement. This means that Manta will not be integrated into the upcoming Optimism Superchain and will instead become part of the Polygon ...

Binance halts onboarding of new UK users

Crypto exchange Binance will stop accepting users in the United Kingdom as of 5 p.m. local time on Oct. 16.According to Binance's announcement, the move came after the country's Financial Conduct Authority (FCA) imposed legally binding requirements on its partner Rebuildingsociety.com ...

Tether freezes $873,000 USDT linked to terrorist activity in Ukraine, Israel

Stablecoin issuer Tether has moved to freeze 32 addresses linked to terrorist activity in Israel and Ukraine in collaboration with local law enforcement agencies.$873,118 worth of USDT linked to illicit activity in Israel and Ukraine have been frozen, according to announcement from the com ...

Australia open to idea of CBDC as future of money: RBA

The Reserve Bank of Australia (RBA) is open to the idea of using central bank-issued digital currency (CBDC) as the future of money where CBDC would represent a tokenized form of central bank reserves.Brad Jones, the assistant governor (Financial System) of RBA, in his speech titled “A Tok ...

How to build a DApp on Ethereum

The Ethereum DApps ecosystem is thriving, and the potential for decentralized applications (DApps) is immense. Who wouldn’t want to participate? Developers can now build applications with their own native coins or nonfungible tokens (NFTs) on secure blockchain networks to serve any pu ...

EtherHiding: Hackers create novel way to hide malicious code in blockchains

Cybercriminals have discovered a new way to spread malware to unsuspecting users, this time, by manipulating BNB Smart Chain (BSC) smart contracts to hide malware and disseminate malicious code.A breakdown of the technique known as ‘EtherHiding’ — was shared by security r ...

Improbable’s Successful Shift: From Gaming to Metaverse Amid Industry Turmoil

In the midst of turmoil within the metaverse industry, Improbable, a British company founded over a decade ago, has managed to maintain its position in the gaming industry by shifting its focus to the metaverse concept. Unlike many other businesses that have faced significant losses and challenges i ...

OpenSea Responds to Accusations Involving Former Employee in AnubisDAO Incident

OpenSea, a well-known non-fungible token (NFT) platform, has responded to recent accusations on social media regarding the involvement of a former employee in the AnubisDAO rug pull incident of 2021. The accusations, made by an anonymous account called NFT Ethics, suggested that Kevin Pawlak, a form ...

VitaDAO Launches Biotech Company Matrix Biosciences to Advance Longevity Research

VitaDAO, a decentralized autonomous organization (DAO) focused on longevity research, has launched a biotech company called Matrix Biosciences. Matrix Biosciences, in partnership with biologist Vera Gorbunova, a professor at the University of Rochester, aims to advance research into cancer treatment ...

MetaMask Introduces MetaMask Snaps for Enhanced User Transparency and Security

MetaMask, a popular crypto wallet provider, has introduced MetaMask Snaps to provide users with more insights into their transactions and interactions within the application. This new feature is designed to enhance user consent and transparency across various chains and decentralized applications (D ...

37xDubai Art Gallery to Merge Traditional and NFT Art, Educate Visitors on Web3

The 37xDubai art gallery, set to open to the public later in October, is taking a unique approach to educate artists and art enthusiasts about nonfungible tokens (NFTs) and the broader Web3 ecosystem. The gallery, based in the Dubai International Financial Centre (DIFC), plans to offer workshops to ...

OKX CCO Lennix Lai Discusses Crypto’s Advantages, Regulation, and KYC Implementation

Lennix Lai, the Global Chief Commercial Officer at OKX, discussed various aspects of the cryptocurrency industry during an interview at the Blockchain Economy Summit in Dubai. Here are some key points from the interview: Crypto vs. Traditional Finance: Lai highlighted the differences between work ...

THORSwap Enters Maintenance Mode to Prevent Illicit Fund Movements

THORSwap, a decentralized exchange (DEX) powered by multichain THORChain, has taken a proactive step by entering maintenance mode to prevent potential illicit fund movements through its platform. This decision was made after consulting with advisors, legal counsel, and law enforcement. Cross-chai ...

Nodle, Adobe, and Linux Foundation Collaborate on Blockchain Solution to Verify Real-World Content Authenticity

Decentralized network provider Nodle is collaborating with Adobe and the Linux Foundation to employ blockchain technology in confirming the legitimacy of real-world content captured by devices. In an interview with Cointelegraph, Garrett Kinsman, co-founder of Nodle, outlined the company's upcomi ...

Individual Linked to Cryptocurrency Money Laundering Operation Selling Stolen Tokens at Discounted Rates

Blockchain analysis experts have uncovered an individual allegedly linked to a cryptocurrency money laundering operation selling stolen tokens from recent high-profile exchange hacks at discounted rates. These investigations led to an individual who is reportedly selling stolen cryptocurrency tokens ...

The Future of Cryptocurrency: A Comprehensive Guide to Digital Money

As of my last knowledge update in September 2021, there was no information available about Honda accepting cryptocurrencies like Bitcoin and Ethereum for vehicle purchases. However, the cryptocurrency space is rapidly evolving, and it's possible that developments have occurred since then. The new ...

Debate Emerges Over XRP Ledger’s Transaction Processing Capacity

Prominent XRP influencer Alex Cobb highlighted the impressive statistics of the XRP Ledger (XRPL) blockchain in a recent tweet. According to Cobb, XRP can process 3,400 transactions per second (TPS). He further broke down this figure into minutes, hours, and days to illustrate the blockchain's capab ...

The Future of Cryptocurrencies: Trends and Predictions

ECB President Asserts that Digital Euro CBDC Won't Be Completely Anonymous The European Commission (EC) has been making significant strides toward implementing a central bank digital currency (CBDC) in the Eurozone's 20 member states. The European Central Bank (ECB) had previously outlined plans ...

Mixin Network Faces Largest Hack of 2023, Offers $20 Million Reward to Recover Stolen Funds

Coinbase International Exchange, holding a class F license from the Bermuda Monetary Authority (BMA), has announced that it has obtained additional regulatory approval to offer perpetual futures trading to non-US retail customers. Coinbase International had previously launched crypto derivatives ...

Arbitrum Odyssey Relaunches with GMX Campaign and 13 Projects to Explore

Arbitrum Odyssey has been relaunched with its campaign featuring tasks available on GMX. The first task of the campaign began on September 26 and will continue until October 1. Participants are encouraged to engage in activities such as leveraged trading on the GMX V2 market and sharing GMX referral ...

Bitcoin Ordinals Inventor Proposes ‘Runes’ Fungible Token Protocol as Alternative to BRC-20

Casey Rodarmor, the inventor of Bitcoin Ordinals, has proposed a new Bitcoin-based fungible token protocol called "Runes" as an alternative to the BRC-20 token standard. The BRC-20 standard, launched by an anonymous developer known as "Domo," has gained popularity, with a market cap of $1 billion wi ...

Bitcoin Price Stabilizes at $25,833 Amid Market Volatility and Macroeconomic Data

Bitcoin's price has experienced a steady decline in recent weeks, with some stabilization observed recently. Currently, the price of Bitcoin is around $25,833 on eToro. The decline in Bitcoin's performance has been attributed to factors like volatility and macroeconomic data. At the start of the ...

VeChain Launches VeWorld Self-Custody Wallet with Exciting Features

VeChain, a blockchain protocol, has announced the launch of its self-custody wallet called "VeWorld." This mobile wallet is designed to offer various cryptocurrency wallet capabilities to users. The VeChain team has emphasized that this initial version of VeWorld is just the beginning of many more i ...

Balancer Website Compromised in DNS Attack, $238,000 Stolen

The Balancer team has stated that a social engineering attack on its domain registrar, EuroDNS, was responsible for the compromise of its website's frontend on September 19. This incident resulted in an estimated $238,000 in cryptocurrency being stolen. Balancer DAO actively addressed the DNS att ...

Blockchain Economy Dubai Summit 2023: A Premier Gathering of Blockchain and Crypto Experts

The Blockchain Economy Dubai Summit, scheduled for October 4-5, 2023, is generating excitement within the blockchain and crypto communities. With over 3,000 attendees expected from 85 countries, this prestigious event will bring together blockchain entrepreneurs, crypto enthusiasts, and industry lea ...

ZTX and Lenge Team Up for Exclusive Digital Fashion Collection in the Metaverse

ZTX, a prominent metaverse platform, is collaborating with Lenge, a renowned virtual fashion creator, to produce an exclusive collection of digital clothing and accessories. This collection will be available exclusively to ZTX Genesis Homeowners. Lenge, known for creating stunning 3D fashion item ...

Nomura’s Laser Digital Launches Bitcoin Adoption Fund Targeting Institutional Investors

Nomura's digital asset subsidiary, Laser Digital Asset Management, has introduced the Bitcoin Adoption Fund, targeting institutional investors. This Bitcoin (BTC)-based fund represents the first in a series of digital adoption investment solutions that the firm plans to launch. Nomura, a Japanese fi ...

Silencio Network Deploys 35,000 Smartphones as Noise Sensors to Combat Global Noise Pollution

The Silencio Network, in collaboration with the Peaq blockchain ecosystem, has deployed over 35,000 smartphones as noise sensors to address global noise pollution. This initiative involves community members contributing noise pollution data and receiving tokenized rewards for their participation. ...

Hong Kong Tightens Cryptocurrency Regulations After JPEX Scandal and Arrests

Hong Kong authorities are taking steps to tighten regulations on the cryptocurrency market following the arrest of six individuals connected to an alleged fraud involving an unlicensed crypto exchange named JPEX. The Chief Executive of Hong Kong, John Lee Ka-chiu, announced on September 19th that ...

CoinEx Cryptocurrency Exchange Hit by $70 Million Hack – Investigation Points to North Korean Hackers

Hong Kong's cryptocurrency exchange, CoinEx, recently disclosed a security breach resulting in hackers making off with more than $70 million in tokens. CoinEx has been actively investigating the incident and is working on deploying a new wallet system to restore both user access and platform functio ...

Thriving Ton Network Ecosystem: Megaton DEX with 2.8 Million TON Tokens and Liquid Staking Surge

Thriving Ton Network Ecosystem: Megaton DEX with 2.8 Million TON Tokens and Liquid Staking Surge The Ton Network's ecosystem is experiencing significant growth, with notable developments in its decentralized exchange (DEX) landscape and liquid staking applications. Megaton DEX Leads in ...

Ethereum Developers Discuss Progress on Devnet-8 Upgrade and Proposed Changes

During a recent meeting, Ethereum developers discussed progress on the Devnet-8 upgrade, with various clients actively updating it. Notably, Nethermind and Geth are making advancements with their blob transaction pools, while Besu is undergoing a significant transaction pool overhaul. Erigon is also ...

Solana’s Bold Vision: Rebuilding Trust and Scaling Fairness for the Future

Solana's Roadmap for Rebuilding Trust After a Challenging Year In an effort to move past the repercussions of FTX's collapse last year, Solana, a layer-1 smart contract blockchain, is charting its course for the next five years. Anatoly Yakovenko, co-founder of Solana, outlined a long-term value ...

BIP-300 Biff: The Bitcoin Community Revives Debate Over Sidechains Proposal

BIP-300 Biff: A Renewed Debate Over the Longstanding Bitcoin Drivechain Proposal A vigorous discussion has been revived within the Bitcoin community concerning a six-year-old Bitcoin Improvement Proposal (BIP) named BIP-300. This proposal aims to introduce "sidechains" on the Bitcoin network, a c ...

Coinbase Explores ‘Flatcoins’ as the Future of Stablecoins, Says CEO Brian Armstrong

Coinbase, one of the leading cryptocurrency exchanges, is exploring the concept of "flatcoins," which its CEO, Brian Armstrong, believes could be the next evolution of stablecoins. In a recent interview with Yahoo Finance, Armstrong shared his thoughts on flatcoins, stating that they are "the next i ...

Terra Luna Classic Proposes Raising Minimum Deposit to Combat ‘Spam’ Proposals

The Terra Luna Classic community is currently engaged in voting on various proposals, but there are growing concerns regarding the surge in "spam" proposals, particularly following a decline in LUNA prices. In response to this issue, a fresh proposal has emerged, suggesting an increase in the minimu ...

Klever Wallet Expands Services to Include XRP Swaps

Klever Wallet has introduced XRP to its growing list of supported cryptocurrencies for swapping, offering users the ability to exchange it for BTC, ETH, BNB, USDT, USDC, and TUSD. XRP, recognized as the only digital asset with regulatory clarity in the United States, has received a significant bo ...

XDC Network Price Analysis: Short-Term Weakness and Potential Trends

Recent days have seen weakness in the XDC Network price, with it dropping below the significant 50-day EMA, signifying the short-term dominance of sellers in the market. Attempts by bulls to maintain the price above the 50-day EMA have proven unsuccessful. In the third week of July and continuing ...

Navigating the Metaverse: Event Management in Virtual Realms

Event management in the metaverse involves orchestrating and executing various events within virtual and augmented reality environments. The metaverse represents the fusion of physically persistent virtual reality and digitally enhanced physical reality, creating a communal virtual shared space that ...

BIS thinks DeFi has no use cases, but CZ is bullish: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in the DeFi ecosystem was filled with ups and downs, from the United States Commodity Fut ...

Ripple acquires Fortress Trust, expands license portfolio in the US

Financial technology firm Ripple is expanding its portfolio of regulatory licenses in the United States with the acquisition of Fortress Trust, according to an announcement on Sep. 8. Fortress Trust provides regulatory and technology infrastructure for blockchain organizations. The co ...

Saudi Arabia looks to blockchain gaming and Web3 to diversify economy

Saudi Arabia has ramped up its economic diversification efforts driven by its ambitious Vision 2030. In a bid to diversify its economy away from a dependence on oil, the kingdom has embraced emerging technologies, such as blockchain and artificial intelligence (AI), and tapped into bo ...

Crypto trading landscape: Insights from Bybit, CEX.IO, Huobi and GoodCrypto

The virtual roundtable, hosted by Cointelegraph on Twitter Spaces, brought together key team members from the largest centralized exchanges (CEXs), including Bybit, CEX.IO and Huobi, to discuss current industry challenges and trends in crypto trading. Speakers also included Maksim Hramadts ...

Turkish crypto exchange Thodex CEO gets 11,000-year sentence for $2B scam: Report

The former CEO of Turkish crypto exchange Thodex, Faruk Fatih Özer, was sentenced to 11,196 years in prison by a Turkish court on charges of "establishing, managing and being a member of an organization", "qualified fraud", "laundering of property values".The Anatolian 9th High Criminal Co ...

Ethereum’s proto-danksharding to make rollups 10x cheaper — Consensys zkEVM Linea head

Zero-knowledge (ZK) proof solutions have proved critical in helping scale the Ethereum ecosystem, but proto-danksharding is expected to drastically reduce the cost of rollups, according to Consensys’ zkEVM Linea head Nicolas Liochon.Speaking exclusively to Cointelegraph Magazine edito ...

OpenSea: Navigating the World of NFTs

The advent of nonfungible token (NFT) marketplaces has transformed the digital asset landscape, providing artists with a revolutionary platform to connect directly with their audience. At the forefront of this transformation stands OpenSea, a pioneering NFT marketplace that has redefined our interac ...

Ethereum’s proto-danksharding to make rollups 10x cheaper – Consensys zkEVM Linea head

Zero-knowledge proof (ZK-proofs) solutions have proved critical in helping scale the Ethereum ecosystem, but proto-danksharding is expected to drastically reduce the cost of roll ups according to Consensys’ zkEVM Linea head Nicolas Liochon.Speaking exclusively to Cointelegraph Magazine edi ...

Security platforms warn about hidden phishing and wallet drainer links

With millions of dollars worth of assets being lost to phishing attacks after signing malicious permissions, the threat of losing crypto assets from questionable links is very real. When these are paired with platforms allowing hidden links, users are subjected to a different kind of risk.  ...

Blockchain could have prevented Nigeria’s naira scarcity effects – Local experts

A group of local blockchain experts discussed how blockchain technology can help solve economic problems in Nigeria and throughout the African continent. In their discussion, Nigeria's naira flow shortage was used as a case study.At the Stakeholders in Blockchain Technology Association of ...

Africa’s blockchain journey begins with poverty alleviation – CEO Sumotrust

There has been a resounding call for Nigeria, and Africa in general, to incorporate blockchain technology into its mainstream living. However, during a fireside chat involving stakeholders in the Nigerian blockchain community, it was noted that poverty has to be conquered first before blockchain ...

Decentralized Infura launch within months, Web2 cloud giants may join: Consensys

A decentralized version of Infura will launch by the end of the year, with major Web2 cloud providers set to become part of the network, the chief strategist of ConsenSys says. “We’re looking to launch something later this year, but then there’s going to be what they call ...

Synthetix’s Infinex Aims to Bridge the Gap Between Centralized and Decentralized Exchanges

The Synthetix project, known for its decentralized derivatives protocol, is gearing up to bridge the usability gap between centralized and decentralized exchanges with the imminent launch of the Synthetix V3 protocol and its decentralized exchange front-end, Infinex, scheduled for Q4. Synthetix f ...

Empowering Web3 Innovation: Brinc Partners with Cointelegraph Accelerator

Web3 startups often grapple with unique challenges within the evolving ecosystem, including navigating complex regulatory frameworks and scaling while adhering to decentralization principles. Moreover, the recent decline in venture capital investment in Web3 startups has created a need for additiona ...

Web3 made simple: Brinc joins forces with Cointelegraph Accelerator

Web3 startups often face challenges unique to the nascent ecosystem — complex regulatory landscapes and scaling with decentralization are just two of many. Venture capital flowing into Web3 startups experienced a big drop over the last year, and new projects need more help than ever to carry thei ...

JPMorgan moves into deposit tokens for settlements: Report

Financial giant JPMorgan is making another move into the crypto space with a new blockchain-based solution for cross-border transactions, reveals a report by Bloomberg. The system, however, won't be available until the bank receives the green light from regulators in the United States.  ...

Providing value to gamers in a changing Web3 landscape — Interview with TOKYO BEAST

In the ever-evolving digital landscape, the distinction between Web2 and Web3 gaming has gained exponential significance. Web2 gaming is typically characterized by centralized, self-contained ecosystems, while Web3 gaming embraces blockchain technology, decentralization and the concept of ...

Stake hack of $41M was performed by North Korean group: FBI

The $41 million hack of crypto gambling site Stake was carried out by the North Korean Lazarus Group, the Federal Bureau of Investigation (FBI) stated in an announcement on Sept. 7. This group has stolen more than $200 million of crypto in 2023, the announcement stated. ...

DeFi 3.0 introduces a new way to hedge crypto assets against volatility

Price volatility is one of the biggest deterrents of the crypto market, dissuading newcomers from trading or investing in cryptocurrencies like Bitcoin (BTC) or Ether (ETH). Extreme market conditions can trigger billions of dollars in liquidations, making it less than ideal for institution ...

AI and blockchain will ‘reshape sectors’ and create new markets from scratch — Moody’s

Artificial intelligence (AI) and blockchain technologies have reached a "tipping point" and are set to shrink established industries while creating new ones, forecasts a report from Moody's Investors Service published on Sep. 6. According to the authors, the combined impact of AI and ...

Binance to reimburse users $1M for Cyber Earn incident

Crypto exchange Binance is refunding users 1 million Tether ($1 million) over its handling of the CyberConnect (CYBER) token incident.As narrated by the exchange on Sept. 7, a price discrepancy on listed CYBER tokens occurred the week prior due to a liquidity crunch constricting CYBER cros ...

Binance’s indecision to freeze BNB wallets drew controversy in this $11M rug pull

A BNB Chain rug pull scams users out of $2 million ($11 million at today's BNB prices). Users ask Binance for help. Binance says it has frozen the funds but then retracts the statement. The funds sat in the address for nearly two years when Binance suddenly took action to freeze the scammer's wal ...

Ripple CTO says ‘tide is turning’ on US regulatory environment

A court ruling that cleared Ripple's XRP token of being considered a security offering might signal a turn in the tide against regulatory scrutiny of the cryptocurrency ecosystem in the United States and current lawsuits involving the likes of Coinbase and Binance.US and pending ETF applicat ...

Crypto whale loses $24M in staked Ethereum to phishing attack

A cryptocurrency whale has fallen victim to a massive phishing attack, losing millions of dollars in staked Ethereum on the liquid staking provider Rocket Pool.A large cryptocurrency investor lost the entire address balance of Lido Staked ETH (stETH) and Rocket Pool ETH (rETH) due to a phi ...

Polygon Foundation denies Matic dump on Binance, claims wallets were mislabeled

Blockchain analytic firm Lookonchain flagged a crypto wallet allegedly belonging to Polygon Foundation that transferred large amounts of Matic tokens on Binance. Polygon Labs founder Sandeep Nailwal refuted the claim and said it was a case of mislabeling and the wallet doesn’t belong to Pol ...

Binance crypto exchange saw departure of 10 key executives in 2023. Here’s the list

The world’s leading crypto exchange by trading volume Binance has seen the departure of 10 key executives from various departments in the first nine months of 2023. While executive departures from a company are a norm based on their preset contractual obligations, the number of executives l ...

IMF, FSB release joint policy recommendations for crypto assets

The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have published a joint paper containing policy recommendations at the request of the Indian G20 Presidency. The organizations have created the paper to combine the standards and consolidate collective recommendatio ...

Palau to freeze USD-backed stablecoin after pilot launch in July

Palau, a country in the western Pacific Ocean, is wrapping up its U.S. dollar stablecoin project after launching the pilot in August.Jay Hunter, Palau Ministry of Finance member and head of digital residency program, took to X (formerly Twitter) to announce that the government will cease t ...

Nigeria central bank missed opportunity for blockchain regulation in 2021 — Convexity CEO

A group of Nigerian digital asset professionals took to the stage at the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023 in Abuja, to discuss the future of digital asset regulation in Nigeria.In the panel titled The Future of Digital Assets ...

Casa wallet launches Ethereum vault relay service for increased user privacy

Cryptocurrency self-custody platform Casa has rolled out new functionality for its recently launched Ethereum (ETH) vaults that will allow users to transact via a relay for added privacy.Casa added a multisignature Ethereum self-custody vault to its initial Bitcoin (BTC) custody offer ...

Nigeria’s Web3 education efforts seek to tackle language challenges

While Nigeria appears to have a high level of blockchain and crypto awareness, the country is still facing issues related to public education in the field. A group of local blockchain experts discussed blockchain education's challenges in Nigeria at the Stakeholders in Blockchain Technology ...

VC Roundup: Enterprise blockchain, Bitcoin staking and Web3 pique investors’ interest

The sharp increase in global interest rates may have limited investors’ appetite for crypto ventures, but new projects are still flourishing and attracting capital to speed up growth. Data from the Cointelegraph Research Venture Capital Database shows June closed out with a 29.73% decrease ...

Grayscale Bitcoin Trust’s alleged wallet addresses released by Arkham

Blockchain analytics platform Arkham Intelligence claims to have identified the addresses of the Grayscale Bitcoin Trust. The trust consists of more than 1,750 addresses holding a total of over $16 billion worth of Bitcoin (BTC), according to a Sept. 6 thread on X (formerly Twitter). Arkham claim ...

Binance creates smart contract to refund users affected by $3M rug pull

Crypto exchange Binance has created an automated smart contract to reimburse users following the events of the Xirtam rug pull.According to a Sept. 6 announcement, users affected by the Xirtam rug pull can receive their money by connecting their wallets to Etherscan, passing a verific ...

Financial privacy and regulation can co-exist with ZK-proofs — Vitalik Buterin

Ethereum co-founder Vitalik Buterin has published a research paper diving into privacy pools systems as a tool to achieve more privacy in financial transactions, allowing users to prove dissociation from illicit funds through zero-knowledge proof technology.The document initially discusses ...

Google will allow ads for NFT games starting September 15

Google has updated its cryptocurrency advertising policy to allow for blockchain-based NFT gaming advertisements as long as they don’t promote gambling or gambling services. According to a blog post from Google, the new changes will go into effect starting Sep. 15 and will be restrict ...

OriginTrail on AI, real-world adoption and the value of knowledge: The Agenda podcast

Artificial intelligence (AI), large language models (LLMs) and machine learning have infiltrated just about every aspect of our technology-connected lives. Tools like ChatGPT offer an array of helpful utilities, but they also come with a potentially dark side, as ChatGPT and other LLM chatbots ar ...

Paris Hilton, a16z back IP ownership network Story Protocol

The new blockchain-based IP ownership network Story Protocol closed a $54 million funding round on Sept. 7, which included investments from big names like Paris Hilton’s 11:11 Media, and Andreessen Horowitz, also known as a16z. The platform uses blockchain technology to help content c ...

Revolutionizing social networks with Web3: Phaver and Cyberconnect AMA

CEO & co-founder of Phaver Joonatan Lintala and head of marketing at Cyberconnect Abhi Raheja discussed the innovations of their projects and aspects of SocialFi during the recent Cointelegraph live AMA show. Here are the highlights from the interview: ...

Sam Bankman-Fried appeal against bail revocation ‘meritless’: Prosecutors

The United States Attorney's Office has filed an affirmation of the denial of bail to former FTX CEO Sam Bankman-Fried, claiming that he could attempt witness tampering, and stating that no release conditions would assure the safety of the witnesses. Prosecutors responded to several claims made i ...

New $20M fund eyes blockchain gaming and NFTs

A group of cryptocurrency venture investors has established a $20 million fund to invest in undervalued Web3 projects and companies focused on blockchain gaming and digital collectibles.Alpha Protocol Ventures (APV) will look to invest in a variety of projects across the Web3 ecosystem, CE ...

DApp store for your wallet: Consensys readying cross-chain Metamask Snaps

MetaMask’s eagerly awaited Snaps will allow users to interact with a variety of different blockchain networks, receive updates from projects and will help demystify what’s happening in complex transactions, says Consensys head of strategy Simon Morris.Speaking to Cointelegraph ...

AI-coded smart contracts may be flawed and ‘fail miserably’ when attacked: CertiK

Artificial intelligence tools such as OpenAI’s ChatGPT will create more problems, bugs and attack vectors if used to write smart contracts and build cryptocurrency projects, says an executive from blockchain security firm CertiK.Kang Li, CertiK’s chief security officer, explained to Cointe ...

Base suffers first major outage since launch

Coinbase's Ethereum layer-2 network Base has suffer its first major outage since its public launch on Aug. 9. For approximately 45 minutes on Sept. 5, no new blocks were produced on the Base chain. Its developers first identified the "stalled" block production at 9:36 pm UTC, according to ...

Tracking profits and losses on crypto trades just got easier

All-in-one crypto trading solution TradeSanta has just unveiled its new crypto profit calculator to help users calculate fees, profits and losses before they open a trade.In a fast-moving market, keeping on top of your financial position isn’t easy. Just recently, Bitcoin (BTC) post ...

80 Chinese crypto influencer accounts shut down in latest crackdown

Sina Weibo, one of the most popular Chinese social media apps with over 258 million daily active users, has removed 80 influencer accounts promoting cryptocurrency activities citing official legislation.According to the Sept. 5 announcement, 80 crypto influencer accounts with over 8 millio ...

Coinbase to upsize debt repurchase by $30M

Cryptocurrency exchange has upsized its debt buyback offer from $150 million to $180 million.According to the Sept. 5 announcement, Coinbase will commit a total of $180 million to buying back its 3.625% Senior Notes due 2031. The offer will lapse on Sept. 18 at 11:59 pm Easten Time.  ...

Visa taps into Solana to widen USDC payment capability

Global payments processor Visa has rolled out support for USD Coin (USDC) payments settled on the Solana blockchain as its stablecoin offering begins to expand.Visa revealed that it is carrying out live and completed pilots with issuers and acquirers, moving millions of USDC tokens between ...

40% of crypto trading platforms are decentralized: World Federation of Exchanges

A report from the World Federation of Exchanges (WFE) noted that 40% of the crypto trading platforms are decentralized and make use of distributed ledger technology. On the other hand, the majority, or 60%, of platforms make use of Central Limit Order Books (CLOBs), quite similar to regulated exc ...

Tether’s Ardoino says it’s now one of top buyers of US Treasury bills, holds $72.5B

Stablecoin issuer Tether has become one of the top buyers of United States Treasury bills in the world, according to a post by Tether CTO Paolo Ardoino. In a social media post, Ardoino highlighted that Tether currently has an exposure of $72.5 billion in US T-bills. The amount places ...

Nima Capital goes dark after dumping 9M SNY tokens, community calls it VC rug

The price of the native token of decentralized finance (DeFi) cross-chain bridge Synapse (SNY) plummeted on Sept. 5 after an unknown liquidity provider on the platform dumped nearly 9 million SYN tokens and pulled all stablecoin liquidity from the bridge.The official X account for Synapse ...

Cronos Labs begins recruitment phase for $100M accelerator program

Web3 startup accelerator Cronos Labs has launched the third cohort of its accelerator program which aims to support early-stage projects by providing funding opportunities and mentorship. The scheme is backed by $100 million in investment that will be used to support crypto startups.  ...

Vitalik Buterin on fix for Ethereum centralization — make running nodes easier

The centralization of nodes is one of the biggest problems facing the Ethereum network and should be addressed by making the running of nodes cheaper and easier, according to Ethereum co-founder Vitalik Buterin.At current, the majority of the 5,901 active Ethereum nodes are being run throu ...

Micro $3 Bitcoin miners won’t make bank, but that’s not the point: Inventors

While lacking in performance, micro Bitcoin mining devices should be seen as a stand against the Bitcoin ecosystem’s purportedly biggest flaw, its inventors argue.Micro Bitcoin mining devices — often open-source and pocket-sized — have been serving a niche part of the mar ...

Grayscale victory, SEC delays decision on Bitcoin ETFs: Law Decoded

On Aug. 29, crypto asset manager Grayscale Investments scored a major victory against the United States Securities and Exchange Commission in its efforts to convert its over-the-counter Grayscale Bitcoin Trust (GBTC) into a listed Bitcoin exchange-traded fund (ETF). The U.S. Court of Appeals Circ ...

Failure to tax the metaverse ‘will create a tax haven’ — Harvard legal expert

Harvard legal scholar and Yeshiva University law professor Christine Kim recently published a research paper detailing arguments for not only taxing the metaverse but treating it as “a laboratory for experimenting with cutting-edge policy.”In the paper, dubbed simply “Taxing the Metaverse, ...

Bybit debuts AI-powered ‘TradeGPT’ for market analysis and data driven Q&A

Dubai-based cryptocurrency exchange Bybit has developed a language based trading tool that uses AI to generate trading insights and answer technical questions from its market data.TradeGPT is being touted as an AI-powered education tool that taps into the generative ability of ChatGPT’s la ...

Ronaldo teases NFT plans while on a lie detector test

Soccer legend Cristiano Ronaldo went through a lie detector test to answer various questions about soccer and teased his plans to release more nonfungible token (NFT) collections in the future. The lie detector test video was done as the soccer star released his second NFT collection ...

OKX crypto exchange enters final stage of Hong Kong VASP license application

OKX cryptocurrency exchange has entered the final stage before acquiring a virtual asset service provider license (VASP) in Hong Kong. The crypto exchange expects the final approval for a VASP license by March 2024.In an interview, Li Zhikai, the global chief commercial officer of OKX,&nbs ...

99% of Nigerians are crypto aware — ConsenSys report

A global survey featuring respondents from 15 countries indicates that Africa’s largest economy, Nigeria, has the most cryptocurrency-aware population in the world.ConsenSys and YouGov released the findings from the global Web3 perception survey, which sought to provide both ...

Indian central bank-backed NPCI begins blockchain recruitment

The National Payments Corporation Of India (NPCI), an initiative led by the Reserve Bank of India (RBI) and 247 Indian banking companies, is on the look out for a seasoned blockchain technologist to head and investigate opportunities for blockchain in current-day payment systems.NPCI owns ...

London Stock Exchange to create traditional assets trading platform on blockchain

The London Stock Exchange (LSE) Group is reportedly planning on creating a blockchain-based platform that will be offering traditional financial assets.According to a report by mainstream media outlet Financial Times, the company has been looking into the potential of a blockchain-based tr ...

Shibarium hits 1M wallets amid meteoric growth, SHIB yet to catch up

The total number of wallets on Shiba Inu’s newly launched layer-2 blockchain, the Shibarium network, has surpassed the 1 million mark in a meteoric rise since its relaunch. The milestone — announced in a Sept. 3 blog post by the official Shibarium team — means there were at least 900, ...

Artbitrum founder says Stylus is a game changer for EVMs

A recently released tool for Arbitrum developers could onboard more devs to Ethereum Virtual Machines (EVM) and improve its code, says Offchain Labs co-founder Ed Felten.Speaking to Cointelegraph at Korea Blockchain Week, Felten lauded Arbitrum Stylus, which Offchain released on a testnet ...

Shibarium hits 1M wallets amid meteoric growth, SHIB yet to catch up

The total number of wallets on Shiba Inu’s newly launched layer-2 blockchain, the Shibarium network, has surpassed the one million mark in a meteoric rise since its relaunch. The milestone — announced in a Sept. 3 blog post by the official Shibarium team — means there were at least 90 ...

Web3’s Swiss Army knife of personal finance Changex joins Cointelegraph Accelerator

Decentralized finance (DeFi) gave birth to a wide range of financial services that aim to challenge what traditional finance (TradFi) offers. However, the user experience persists as a major issue hindering the widespread adoption of DeFi apps and solutions. For years, the DeFi ecosystem has been ...

Attorney outlines Ripple-SEC settlement path amid Coinbase case impact

Amidst speculation regarding a potential resolution between Ripple and the United States Securities and Exchange Commission (SEC), attorney John Deaton, representing numerous XRP token holders, has outlined the possible steps the two parties might take if they opt for a settlement.Addressi ...

How Web3 can prevent Hollywood strikes – Replay joins Cointelegraph Accelerator

Streaming video is one of the fastest-growing markets in the world, with the OTT video industry alone projected to reach $200 billion in 2023. Short for “over-the-top” video, the OTT video ecosystem includes on-demand video as well as ad-supported video content, and it is mainly driven by the gro ...

Whale Alert sparks speculation as XRP transfers surge

Amidst a series of rapid developments, the XRP cryptocurrency market experiences heightened activity. A recent substantial purchase has been detected by Whale Alert, a renowned crypto-tracking platform.Whale Alert reported a significant transfer of 66,666,659 XRP (approximately $33,065,809 ...

MakerDAO co-founder proposes fork of Solana codebase for native chain

MakerDAO co-founder Rune Christensen has submitted a proposal to build the decentralized finance project’s upcoming native chain off of a fork of Solana’s codebase, and not the Ethereum Virtual Machine despite its long-running ties with Ethereum. MakerDAO’s native chain o ...

Balancer protocol exploited for $900K as DeFi hacks mount: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.In this week’s newsletter, Ethereum staking services have agreed upon a 22% limit on all validators to ...

Polygon makes new sidechain developer stack opensource, supporting ZK-powered Layer 2s on Ethereum

The Ethereum (ETH) ecosystem could welcome a variety of new layer 2 (L2) protocols built on Polygon’s newly open sourced codebase Chain Development Kit, which harnesses zero-knowledge proof (ZK-proof) technology to ensure security and fast finality.Jordi Baylina, technical lead of Polygon ...

Brazilian crypto streamer loses $50K by accidentally exposing private key

Brazilian cryptocurrency streamer Fraternidade Crypto is one of the latest victims of unsafe self-custody practices, reportedly losing thousands of dollars due to a private key accident.During a live stream on YouTube on Aug. 29, Fraternidade Crypto channel’s owner Ivan Bianco unwittingly& ...

FBI report warns against ‘Infamous Chisel’ – new malware targeting crypto wallets

An advisory report issued by various government agencies in the United States and the United Kingdom is warning users to beware of a new malware that is being used to target crypto wallets and exchanges. Various intelligence organizations including the National Security Agency (NSA), ...

StarkWare, Herodotus launch tech to verify data from any point in Ethereum’s history

A new zero-knowledge proof (ZK-proof) technology is set to improve the ability to access and verify historical data from the Ethereum (ETH) blockchain, with deep chain validation cited as a usability barrier of the network.Technology firm Herodotus has released its on-chain accumulator whi ...

Exploits, hacks and scams stole almost $1B in 2023: Report

Malicious actors targeting the crypto space have taken more than $45 million in digital assets from their victims in the month of August alone and a total of $997 million year-to-date (YTD), according to a report shared by the blockchain security firm CertiK. Within the report, CertiK ...

Coinbase vs SEC: New attorney Patrick V. Kennedy joins fight

The crypto community, digital asset organizations and lawmakers have voiced their backing for the Coinbase vs. United States Securities Exchange Commission lawsuit's dismissal. In a recent update, a fresh attorney, Patrick V. Kennedy, has entered the fray, seeking court approval to represent the ...

UK’s Travel Rule comes into effect, could halt certain crypto transfers

Cryptoasset businesses in the United Kingdom could now begin withholding certain crypto transfers to comply with the new Travel Rule for crypto that came into effect on Sept. 1.The rules targeting virtual asset service providers were first introduced by the Financial Conduct Authority ...

If Worldcoin can improve the world, why not give it a chance?

All eyes have been on Worldcoin (WLD) since the July 24 launch of its “World ID” system. The issues associated with the launch have been well reported at this juncture. They include possible onboarding security risks along with Worldcoin’s use of biometric data, which is now under investigation b ...

$16M in crypto lost to hacks in August — Report

A total of $15.8 million in cryptocurrencies were lost to hacks or exploits in the month of August.According to an Aug. 31 report by blockchain security firm Immunfi, a combined $23.4 million in crypto was lost to a combination of hacks and fraud, a significant decrease compared to the $32 ...

Nexo launches crypto Mastercard for EEA citizens

Bulgarian decentralized lending platform Nexo has unveiled a crypto-powered debit and credit Mastercard for citizens of the European Economic Area (EEA).According to the Aug. 31 announcement, the Nexo Card will allow users to spend their euro, U.S. dollar, and British pound stablecoins via ...

Swift says blockchain integration ‘more plausible’ than unifying CBDCs

Bank messaging network Swift has recently shared a report highlighting how Swift can connect with blockchains and solve the issue of interoperability between different blockchain networks. In a report titled “Connecting blockchains: Overcoming fragmentation in tokenised assets,” Swift ...

Lufthansa airline launches NFT loyalty program on Polygon

Lufthansa, one of the largest airline groups in Europe, has launched its nonfungible token (NFT) loyalty program on the Polygon Network. The program will allow passengers to turn their trips into NFTs that can unlock rewards like miles and business lounge vouchers. On Aug. 31, Lufthan ...

Arkham IDs Robinhood as 5th-largest ETH holder

Crypto analytics platform Arkham Intelligence has revealed financial services company and crypto trading platform Robinhood as a leading holder of Ether (ETH) and the owner of the fifth-largest ETH wallet, which contains about $2.54 billion of the cryptocurrency.Arkham stated on X (fo ...

Trump NFTs back in demand, SEC says NFT sales are unregistered securities: Nifty Newsletter

​​Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights.In this week’s newslette ...

76% of Vietnamese crypto holders invest based on referrals — Report

Over three-quarters of Vietnamese crypto holders make investment decisions through friends' referrals.That's according to an Aug. 30 report by Vietnamese venture capital firms Kyros Ventures and Coin68, alongside Animoca Brands. In the 3,300-participant survey, 75.5% of participants admitt ...

How blockchain tech and dMRV can help carbon trading markets

There is a global consensus that greenhouse gas (GHG) emissions are warming the planet, but efforts to accurately measure, report and verify these emissions continue to challenge researchers, nonprofits, corporations and governments. This is especially the case with “nature-based” pro ...

Nigeria’s Patricia crypto exchange seeks to explain its token amid confusion

The announcement of Patricia Token (PTK) by Nigerian crypto exchange Patricia was greeted by users with scepticism and some suspicion, as they took to social media to question the motives behind the move. Now, in a response to that reaction, the crypto exchange company has released a white p ...

Web3 game goes gold: How to exchange NFTs for physical gold eggs

Web3 game Golden Egg Wonderland received a major update with new features, in-game characters and a way to exchange Golden Egg NFTs for physical golden eggs.Web3 gaming has become one of the most popular sectors of the blockchain ecosystem, providing a medium for other blockchain-ba ...

Google Cloud to digitize El Salvador’s governance, healthcare and education

Google Cloud announced a new partnership with the government of El Salvador on Aug. 29 to establish an office and provide Google Distributed Cloud (GDC) services in the country. The partnership aims to digitize the country, update government services and improve the healthcare and edu ...

Researchers develop Crypto Literacy Scale to measure consumer financial awareness

A trio of researchers from the University of Cincinnati recently developed a Crypto Literacy Scale (CLS) to help standardize and measure economic and financial knowledge as it relates to consumer and policy-maker understanding of cryptocurrencies and related technology.The team’s research ...

Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining

Nasdaq-listed Iris Energy has bought 248 state of the art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative AI in addition to its core business focus on Bitcoin mining.The firm expects to receive delivery of the 248 GPUs in the coming months and plans to d ...

Digital Fortress, Part 1: How to safeguard digital assets in Web3

Why is protecting your digital assets in the Web3 era important?What are the most prominent security threats in the Web3 ecosystem?What measures should you take to safely navigate in Web3?DHow to choose the right tool to safeguard your digital assets ...

FTX Temporarily Suspends Accounts Following Kroll Cybersecurity Breach

Following the recent Kroll cybersecurity breach, FTX Derivatives Exchange, a financially distressed cryptocurrency trading company, has opted to temporarily suspend accounts of impacted users accessing its claims portal. FTX's decision which was posted on X (formerly known as Twitter) was underta ...

Drama Unfolds as $16 Million Worth of PEPE Tokens Abruptly Withdrawn from Multisig Wallet

The circumstances behind the mysterious $16 million withdrawal from the Pepecoin (PEPE) project’s multisig wallet have seemingly been revealed, with the finger being pointed at three ex-team members who went rogue. On Aug. 24, the price of PEPE plunged by roughly 15% amid fears of a potential rug ...

NFT Prices Soar as Donald Trump’s Mugshot Goes Viral: Crypto Community Reacts

The price of nonfungible tokens (NFTs) featuring Donald Trump surged after news outlets released a photo of the former United States President as part of his criminal case in the state of Georgia for allegedly attempting to subvert the will of voters in the 2020 election. According to data from N ...

Layer 2 Optimism Network Partners with Redstone Oracles for Reliable Data Feeds

Layer 2 Optimism Network Integrates Redstone Oracle Services to Provide Reliable Data Feeds In a groundbreaking move to enhance the DeFi ecosystem of Layer 2 networks and smart contracts, Layer 2 Optimism Network has annou ...

Vessel Capital Launches $55 Million Fund to Support Web3 Startups

Venture capital firm Vessel Capital has announced a $55 million fund to invest in Web3 infrastructure and applications, TechCrunch reported. According to the founders, their goal is not to scale, but rather to assist crypto founders working on early-stage startups to launch and grow their project ...

Crypto VC Investment Trends and Potential Impact of ETF Approvals

July saw a drop in capital inflows from venture capitalists by 10.26% resulting in $700 million raised according to Cointelegraph Research VC Database. The last two months rejected the potential upward trend, as it seems that macroeconomic conditions revolving around the United States Federal Res ...

Navigating Challenges and Opportunities: The Road Ahead for Base in the Blockchain Space

What is Base? Unpacking Coinbase’s new layer-2 network and its impact Base, Coinbase’s new layer-2 blockchain network, was built to enhance Ethereum’s capacity for decentralized applications, improve user interfaces, and r ...

Australia’s Central Bank Concludes CBDC Pilot, Identifies Key Use Cases

Australia’s central bank has completed its pilot of a central bank digital currency exploring use cases for a potential digital dollar, finding it useful in four main areas, including enabling complex payments and asset tokenization. The Reserve Bank of Australia and the Digital Finance Coope ...

Mysterious Bitcoin Wallet Accumulates $3 Billion in 3 Months: BlackRock Connection?

A mysterious Bitcoin wallet has surged up the ranks to become the third-largest holder of Bitcoin (BTC) in the world in just over three months, with the timing sparking some wild theories about its owner. According to data from crypto statistics platform BitInfoCharts, the wallet address first re ...

Friend.tech Disputes ‘Leaked’ Data Claims, Clarifies Source of Information

The team behind the viral decentralized social media platform Friend.tech has refuted a report that claimed that the personal information of more than 100,000 of its users was “leaked.” The now-amended report, first posted by The Block, suggested that data posted by Banteg, a pseudonymous develop ...

Harbor Protocol Decentralized Internetworking Project Faces Hacker Attack

The Harbor Protocol decentralized internetworking application team has announced that the project has been hit by a hacker attack, affecting stOSMO, LUNA and WMATIC storage. Representatives of the project refused to disclose the details of the incident and to report the exact amount of losses: ...

Shibarium Mainnet Progress: Shiba Inu Team’s Efforts and Scaling Endeavors

On August 18, the team began work to get the mainnet up and running again. As of this writing, Shibarium is running in closed mode. The Shiba Inu team announced on their blog that they have begun the third day of work on restarting the Shibarium mainnet. The s ...

Weekly DeFi Recap: Reimbursements, Exploits, and Optimistic Milestones

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. Over two weeks after Curve Finance’s multiple pool exploits, the DeFi protocol has assured the hack victims t ...

Exploring Crypto Funding: Grants vs. Venture Capital in the Bear Market

As the bear market keeps slashing venture capital investments in the crypto industry, alternative funding options, such as grants, have been gaining traction as a means of supporting the community while enabling the growth of established projects. According to Blockchain Grants, at least 40 c ...

FTX Founder Seeks Court Permission for Collaborative Defense Preparation

Seven days following the Department of Justice's bail revocation for disgraced FTX founder Sam Bankman-Fried, he is now seeking permission to spend five weekdays outside to collaborate with his legal team on his defense case. According to a letter sent to US District Judge Lewis Kaplan on Fri ...

Decline of Bitcoin-Based NFT “Bitcoin Ordinals”: A Catastrophic Drop in Trading Volume

The popularity of the "bitcoin-based NFT" - Bitcoin Ordinals - has declined catastrophically, as many analysts predicted. BRC-20s token trading volume has fallen 97% since May. As reported by the DappRadar service, the trading volume of "BRC-20s tokens" (the NFT counterpart in Efirium and other n ...

Immutable zkEVM begins testnet phase with 12 Web3 games in development

Web3 gaming platform Immutable has commenced public testing of its Immutable zkEVM in collaboration with Polygon Labs.Work on the zero-knowledge Ethereum Virtual Machine (zkEVM) network began in March after Immutable announced a partnership with Polygon Labs. Polygon’s own “holy grail” Eth ...

Bitcoin Frontier Fund launches accelerator program for Ordinals startups

The Bitcoin Frontier Fund, formerly Stacks Ventures, launched what it’s calling the first Bitcoin Ordinals accelerator program on Aug. 14.Program InformationThis program is led by VC ...

Machi Big Brother withdraws defamation lawsuit against ZachXBT

Taiwanese music celebrity Jeffrey Huang, also known as "Machi Big Brother," has withdrawn a defamation lawsuit against internet sleuth ZachXBT.In a bilateral announcement dated Aug. 14, Machi Big Brother said "Zach has many times in the past been of great service to the crypto community an ...

How to identity fake cryptocurrency

With the growing popularity of cryptocurrencies, the digital landscape has become a breeding ground for scams and fraudulent schemes. Fake cryptocurrencies and fraudulent projects aim to deceive unsuspecting investors and enthusiasts. This article will delve into the key indicators and strategies ...

Chinese man sentenced to 9 months in prison for buying $13K in USDT

An individual, identified only as “Mr. Chen,” has been convicted by the Fuzhou Mawei People’s Procuratorate on charges of “offense of concealment and concealment of crime” for purchasing 94,988 Chinese yuan ($13,067) worth of Tether (USDT) for an acquaintance.According to local news report ...

Voyager’s token transfer to Coinbase sparks sell-off suspicions

Bankrupt cryptocurrency lender Voyager Digital transferred 1,500 Ether (ETH), worth around $2.77 million and an additional 250 billion Shiba Inu (SHIB), worth roughly $2.7 million, to crypto exchange Coinbase on Aug.11, according to Etherscan.The motive behind the transactions has triggere ...

Legal scholars file amicus brief in support of Coinbase

A group of six legal scholars specializing in securities law and related fields submitted an amicus brief in favor of crypto exchange Coinbase in its ongoing legal battle against the United States Securities and Exchange Commission (SEC).An amicus brief is a document filed in court by ...

CFTC charges residents of Florida, Louisiana, Arkansas for crypto fraud

Legal proceedings have been initiated by the Commodity Futures Trading Commission (CFTC) against individuals and their organization, Fundsz, citing their involvement in a deceptive scheme concerning cryptocurrencies and precious metals trading.Rene Larralde from Melbourne, Florida, Juan Pa ...

Curve Finance vows to reimburse users after $62M hack

Decentralized finance (DeFi) platform Curve Finance has officially stated its intention to reimburse users impacted by the recent hack resulting in $62 million of losses. According to an X (formerly Twitter) post from its official account, ongoing investigations are yielding prog ...

DeFi tries to recover from Curve hack, but exploits continue: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The DeFi ecosystem is yet to recover from the crisis brought on by the Curve Finance hack, and even tho ...

Victim of 90 ETH exploit set to claw funds back after hacker was blacklisted

With the help of police and cyber authorities, a victim of a hack worth 90 Ether (ETH) has gotten the attacker’s Tether (USDT) address blacklisted. As a result, they may be able to get most of their funds back. [2023/08/11 17:30] ...

FC Barcelona secures $132M investment for blockchain and NFT venture

Spanish soccer club FC Barcelona has secured a 120 million euro ($132 million) investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 initiative, Barça Vision.According to the Aug. 11 announcement, FC Barcelona sold a 29.5% stake in Bridgeburg Invest, the hold ...

Coinbase layer-2 network Base hits 136,000 daily active users

Daily active users on Coinbase's layer 2 blockchain have exceeded 100,000 for the first time, just the day following the official launch of the network.Dune Analytics figures from Aug. 10 show over 136,000 daily users, the highest daily number in its short history, which also coincides wit ...

‘No fucking way’ — Joe Rogan, Post Malone slam US government CBDC

Podcaster and commentator Joe Rogan has blasted the idea of a United States central bank digital currency, describing a digital dollar as a “game over” scenario for American citizens. In an Aug. 8 episode of the widely-watched podcast Joe Rogan Experience, Rogan and rapper ...

Aptos token rises 11.6% after Microsoft deal to marry AI with blockchain

Aptos (APT), the cryptocurrency powering layer-1 blockchain Aptos Network, is up approximately 11.6% since announcing it will leverage Microsoft’s suite of artificial intelligence tools to advance Web3 adoption among banks and financial enterprises.This will be achieved by enabling t ...

Fireblocks discloses massive vulnerability affecting crypto wallets

Over 15 widely-used crypto wallet providers and projects have gaping vulnerabilities that could potentially see millions of crypto wallets drained, according to digital asset infrastructure firm Fireblocks.In an Aug. 9 press release, Fireblocks said the series of vulnerabilities, dubbed Bi ...

Bitcoin miner Riot Platforms trims Q2 loss to $27.7M

Colorado-based Bitcoin mining firm Riot Platforms narrowed its second quarter net loss to $27.7 million as it ramped up its Bitcoin production and reached record hash rate capacity. The crypto miner posted total revenue of $76.7 million — up 5.2% from Q2 2022 — which was primarily driven b ...

Base network has officially launched: Here’s how it can be used

Coinbase’s Base network has officially launched after spending a few weeks in an “open for builders only” phase. The network is now ready to onboard users, according to an Aug. 9 announcement from the team.Several Web3 development teams have simultaneously announced that ...

CipherTrace expert says Chainalysis data contributed to ‘wrongful arrest’ of alleged Bitcoin Fog founder

Jonelle Still, the director of investigations and intelligence at CipherTrace, a Master Card company, recently submitted a report supporting the defense in the United States v. Roman Sterlingov, a criminal case involving the Bitcoin Fog cryptocurrency mixing service. The company’s inv ...

Only 6 out of 45 crypto wallet brands have undergone penetration testing: Report

A July report from cybersecurity certification platform CER found that only six of 45 cryptocurrency wallet brands, or 13.3%, have undergone penetration testing to find security vulnerabilities. Of these, only half have performed tests on the latest versions of their products.The three bra ...

Maple Finance secures SEC exemption for on-chain Treasury pools

Blockchain institutional capital marketplace Maple Finance has secured an exemption from the United States Securities and Exchange Commission to offer its one-month U.S. Treasury yields to accredited investors in the United States.Before the Aug. 9 announcement, the Maple Finance Treasury ...

Another Fantom project winds down citing Multichain exposure

SpiritSwap, a decentralized exchange (DEX) built on smart contract platform Fantom, will wind down operations starting Sept. 1, citing exposure to troubled Chinese cross-chain protocol Multichain.In the Aug. 9 announcement via Discord, developers revealed that the Multichain hack left Spir ...

Coinbase celebrates art, music and gaming with a three-week blockchain event

Presented by Coinbase, the Onchain Summer festival will bring the community together for three weeks in August to build, socialize, play and celebrate innovation.The inclusive nature and global reach of cryptocurrencies and blockchain technology have given rise to a diverse communit ...

Blockchain Capital’s X account hacked to promote token claim scam

The X (Twitter) account of crypto-focused venture capital firm Blockchain Capital was seemingly taken over by scammers attempting to lure users with the promise of a token claim.On Aug. 9, Blockchain Capital’s account made multiple posts promising a giveaway of “BCAP” tokens and directed u ...

Bitstamp to suspend trading of major altcoins for US users

Cryptocurrency exchange Bitstamp will suspend trading of Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), Near (NEAR), Sandbox (SAND) and Solana (SOL) for customers residing in the United States beginning Aug. 29.According to the Aug. 8 announcement, trading of the ...

Reddit community tokens soar on Kraken listing

Moons and Brick, two tokens created by users of social media platform Reddit, are up 48% and 443%, respectively, in the past week after being listed on cryptocurrency exchange Kraken.In an Aug. 7 announcement, Kraken announced the listing of Moons (MOON) and Brick (BRICK) fo ...

USDC issuer Circle launches MPC wallet beta for Ethereum, Polygon, Avalanche

USD Coin (USDC) issuer Circle has released a beta version of a multiparty computation (MPC) wallet service, according to an Aug. 8 announcement. The new service will allow developers of decentralized finance (DeFi) apps, Web3 video games, e-commerce services and other blockchain applications to c ...

Coinbase begins $150M debt buyback at 36% discount

Cryptocurrency exchange Coinbase will begin buying back up to $150 million of its 2031 senior notes for 64.5 cents on the dollar, a discount of 35.5%.According to the Aug. 7 announcement, the tender offer will last until Sept. 1, with an early premium of three cents on the dollar on top of ...

PayPal stablecoin launch sparks wave of fake PYUSD tokens

Less than 16 hours have passed since the launch of PayPal’s new stablecoin (PYUSD), and opportunists, degens and potential scammers are already attempting to cash in on the hype with their own copycat tokens.According to data from decentralized exchange scanner DexScreener, nearly 30 ...

UAE signs deal to develop carbon credit system on Venom Foundation blockchain

The United Arab Emirates (UAE) Ministry of Climate Change and Environment (MCCE) is developing a carbon credit system in a preliminary partnership with Industrial Innovation Group and Venom Foundation.Blockchain technology is utilized by organizations and countries to track carbon credits. ...

Breaking: PayPal launches PYUSD stablecoin for payment

American financial technology company PayPal launched a new stablecoin called PayPal USD (PYUSD) on Aug. 7.  The U.S. dollar-pegged stablecoin will be issued by Paxos Trust Co. and fully backed by U.S. dollar deposits, short-term Treasurys and similar cash equivalents. It’s ...

Binance sold USDC for another stablecoin — Coinbase CEO

Coinbase CEO Brian Armstrong’s comments to a question about the USD Coin (USDC) stablecoin during the company’s second-quarter earning calls raised some eyebrows. While commenting on the market cap of USDC, Armstrong quipped that Binance moved some of its funds from USDC i ...

Controversy as MakerDAO’s Spark Protocol blocks users with VPNs

MakerDAO, one of the early pioneers of decentralized finance, has sparked criticism over its decision to block virtual private network (VPN) users from accessing its recently launched lending platform, Spark Protocol.At the time of writing, VPN users that attempt to access the Spark Protoc ...

XRP price disappoints after court ruling, Deaton remains optimistic

Despite a brief rally, the XRP (XRP) price did not reach anticipated levels after a recent favorable court ruling for the token. Among those with ambitious price targets for the cryptocurrency is pro-XRP lawyer John Deaton.Deaton addressed a post from a user named Moon Lambo on X (formerly ...

FBI warns of phishing scams and social media account hijackers

The Federal Bureau of Investigation has warned of criminal actors that are hijacking social media accounts and posing as legitimate people in the nonfungible token and crypto space. It also raised concerns over spoof websites that dupe victims into thinking they are using legitimate platfo ...

Alchemix reports return of all stolen funds from Curve pools

Lending platform Alchemix has announced the return of all stolen funds by the Curve finance hacker. The attack took place on July 30 and resulted in over $61 million in cryptocurrencies drained, including $13.6 million from Alchemix’s alETH-ETH pool. Along with Alchemix, JPEGd&r ...

Boosting adoption with DeFi asset management: Velvet Capital joins Cointelegraph Accelerator

Gone are the days when decentralized finance (DeFi) was a niche for crypto frontrunners, while centralized finance (CeFi) was the absolute owner of users’ trust. Following the collapse of major centralized organizations within the industry, such as FTX, Prime Trust, and Celsius, among others, the ...

CDC report underscores importance of Judge’s verdict in Ripple case

The Chamber of Digital Commerce (CDC), an American advocacy organization, on August 1, unveiled a comprehensive "impact and analysis" report on the SEC's lawsuit against Ripple. The report scrutinizes the case's verdict, highlighting its profound implications for the crypto industry's future. ...

No crypto plans for X: Elon Musk debunks scam token claims

Elon Musk has stated that his social media platform X (formerly Twitter) has no plans to launch crypto tokens in response to a post regarding questionable X and Twitter-based digital currencies on Saturday, Aug. 5.In response to a post by DogeDesigner, Musk addressed the issue of scam toke ...

Curve-Vyper exploit: The whole story so far

The decentralized finance (DeFi) ecosystem has experienced a challenging week after a seismic security incident led to over $61 million being stolen from Curve Finance’s pools, leaving several protocols facing broader contagion risks.This attack exposed vulnerabilities across DeFi pr ...

Korean superconductor LK-99 joins memecoin craze

Last month, a team of South Korean scientists claimed to have engineered a superconducting material, dubbed LK-99, that works under ambient temperature and pressure. In layman’s terms, the team allegedly created a material allowing electrical currents to flow without resistance or energy lo ...

Curve hacker behind $61M heist begins returning funds

The attacker behind the $61 million July 30 Curve Finance attack has returned 4,820.55 Alchemix ETH (alETH), worth approximately $8,889,118, to the Alchemix Finance team and 1 ETH, approximately $1,844, to the Curve Finance team. The Alchemix Finance protocol alETH-ETH pool on Curve is one of the ...

Users said CertiK’s warning was a false alarm — then the project rugged

A blockchain security firm tried to warn users of an imminent rug pull surrounding a crypto project, but investors became angry and fired back. The firm rescinded the security alert. Then, the project it accused of being a rug pull pulled the plug.This is the story of CertiK, a blockchain ...

Ensuring integrity of blockchain transactions: Trust through audits

Blockchain auditing is the process of examining and verifying the data and transactions stored within a blockchain network. It focuses on assessing the integrity and accuracy of the information recorded on the blockchain to ensure it aligns with the intended rules, protocols and regulations. ...

Curve, Metronome and Alchemix offering 10% bug bounty on Vyper hack

Decentralized finance (DeFi) platforms Curve, Metronome and Alchemix have jointly announced an initiative to recover stolen funds from the recent exploits of Curve’s pools.According to on-chain data, the protocols are offering a 10% bounty of the stolen funds as a reward, urging thos ...

‘Computer language that anyone can read’ launches Aeternity compiler

Smart contract computer language Lexon (LEX) launched a compiler on Aug. 3, allowing developers to write contracts in Lexon and have them be converted into Solidity, Sophia or JavaScript, according to statements made to Cointelegraph by Lexon founder Henning Diedrich. The compiler runs on the Aet ...

Coinbase Q2 beats estimates amid Blackrock custody deal, institutional focus

Crypto exchange Coinbase reported $663 million in net revenue for the second quarter of 2023, boosted by its custody deal with Blackrock and institutional focus, despite recent action taken against it by regulators.Net revenue was down 10% compared to Q2 2022 but beat estimates, attributed ...

Base launches mainnet bridge UI for end-users, sets Aug. 9 for official launch

Coinbase’s Base network has released a user interface (UI) for its official bridge, allowing end-users to onboard for the first time without relying on developer tools, according to an Aug. 3 announcement. The team has set Aug. 9 as Base’s “official” release date. They wil ...

The Sandbox implements KYC measures for protocol staking

Metaverse platform The Sandbox will require Know Your Customer (KYC) verification for its staking processes, according to an Aug. 3 announcement. The announcement stated that only verified users could deposit The Sandbox (SAND) tokens, which are native to the platform, and claim staki ...

How will Bitcoin halving affect BTC price, and is DeFi dead?

On the latest episode of Market Talks, host Ray Salmond spoke with Blockware Solutions account executive David Gamble about the future of Bitcoin (BTC) mining, expectations for the cryptocurrency’s price, and his views on how the decentralized finance (DeFi) sector needs to evolve. Ga ...

Curve’s crvUSD depegs as market reacts to shock events

Curve Finance’s native stablecoin, crvUSD, briefly depegged on Aug. 3, reacting to an uncertain environment surrounding the protocol after its recent exploit. In the course of the day, the stablecoin fell by as much as 0.35% before regaining its peg to the United States dollar.Curve& ...

Curve emergency DAO terminates rewards for hack-related pools

The Curve Finance lending protocol has terminated governance token rewards for select liquidity pools affected by the July 30 Curve exploit and July 6 Multichain exploit, according to an Aug. 2 social media post from a member of the protocol’s governing body. The ending of rewar ...

Protocol to identify ‘systemically important’ blockchain banks could help prevent a market crash: Study

Kanis Saengchote, a researcher at Chulalongkorn University in Thailand, recently developed a framework for identifying and measuring systemic risk in decentralized finance (DeFi) institutions. The new protocol is called the Global Systematically Important Protocol (G-SIP), and it’s ba ...

Binance’s CZ warns crypto community about emerging scam

Binance CEO Changpeng 'CZ' Zhao warned his followers on X about a tricky and increasingly popular scam targeting the crypto community, in which fake wallet addresses are used to defraud users during transactions.The scheme generates addresses with the same starting and ending characters as ...

Web3 startups queue up: Consensys Startup Program partners with Cointelegraph Accelerator

The transition from Web2 to Web3 is reshaping the technology landscape and attracting the attention of developers. Despite the challenges faced during the current crypto winter, the Web3 ecosystem continued to onboard new developers, with many thousands of developers making the jump from Web2 to ...

Decentralized Web3 data service taps ZK-proofs for tamper-proof SQL queries

Decentralized Web3 data service Space and Time has tapped into zero-knowledge-proof technology to cryptographically verify information queries within its ecosystem.The company’s proprietary Proof of SQL allows the platform to generate a SNARK cryptographic proof of a query within ...

KuCoin suspends Bitcoin and Litecoin mining pools

KuCoin's Bitcoin (BTC) and Litecoin (LTC) mining pools will be suspended from 16:00:00 on Aug. 15, 2023 (UTC) until further notice. The exchange said the decision was "in line with KuCoin's evolving business strategy" but didn't elaborate further. It's unclear if the decision is relat ...

Blockchain IOT firm Nodle goes open source with Web3 bluetooth ‘nanocomputer’ sticker

Decentralized network provider Nodle has launched a bluetooth hardware sticker that is aimed at increasing Internet-of-Things (IoT) connectivity for a variety of industrial use cases.The firm announced that it will open source it's Nodle NanoComputer (N1), which features a Hardwa ...

Toyota GR Cup will award digital trophies on Polygon blockchain to race winners

The Toyota GR Cup, a North American racing series held by Toyota Gazoo Racing, recently announced it will start awarding digital trophies and record driver performances on the Polygon blockchain. Image source: Toyota press release.Per a press release, the new on-chain awards system wi ...

Video gaming legends unite to redefine the landscape: AMA recap with Moxy

The esports market is expected to grow at a significant rate, from $1.42 billion in 2022 to a massive $4.47 billion in 2030. Its growth will be driven by the increasing use of smart devices, along with the growing accessibility of internet connectivity, the continued popularity of streamin ...

Base’s largest DEX LeetSwap halts trading amid exploit concerns

Decentralized exchange LeetSwap, which operates on Coinbase’s Base network has announced a pause on trading, citing concerns of a potential exploit.LeetSwap tweeted on Aug. 1 that it noticed some of its liquidity pools may have been compromised and temporarily stopped trading to inve ...

We need to fundamentally change how smart contracts operate

Smart contracts have reshaped the possibilities of what blockchain and crypto can achieve, and we can all acknowledge that. That doesn’t mean they’re the be-all-end-all solution to widespread adoption.Being overzealous about any kind of innovation can also contribute to its stalling, or ev ...

BALD token developer denies rug pull as price falls 85% post-launch

A new memecoin on Coinbase’s Base network fell 85% after its developer allegedly pulled 1,034 Ether in liquidity, worth approximately $1.9 million, from the market, according to social media reports and blockchain data. The developer for Bald (BALD) denied making any market sales of the coi ...

Decentralizing DCA: This exhange offers gas-free dollar-cost averaging

Cryptocurrencies attract a lot of investors due to their high volatility, but this also poses a significant challenge. The most difficult part of investing in crypto is finding the best time to enter the market. Ideally, the plan would be to buy low and sell high, but the extreme volatilit ...

Chinese city implements plan for blockchain digital infrastructure system by 2025

The Chinese city of Shanghai issued an implementation plan on July 31 to promote the development of its urban blockchain digital infrastructure system in the time frame of 2023–2025.The announcement says the plan was formulated to serve the “strategic goal” of Shanghai’s urban digital tran ...

How blockchain is transforming fundraising for startups and entrepreneurs

The venture capital world has long been known for its traditional approach to funding and investing in startups. However, the emergence of blockchain technology can potentially disrupt this industry and revolutionize the way venture capital operates.One significant aspect of this disruptio ...

Memecoin mania hits Base: Obscure tokens skyrocket amid rug pulls and FOMO

Memecoin madness has arrived on Coinbase’s Ethereum layer-2 scaling solution Base, bringing with it everything from remarkable shitcoin surges to classic token rug pulls.On July 30, memecoin traders were snapping up a suite of questionable tokens on Base, with one Brian Armstrong-the ...

BNB Smart Chain hit with copycat Vyper attack, $73K exploited

The BNB Smart Chain (BSC) has reportedly suffered copycat attacks due to a vulnerability in the Vyper programming language, following a similar vein to the exploit on the decentralized finance (DeFi) protocol Curve Finance.Amid the exploits carried out on Ethereum, Blockchain security firm ...

Ethereum’s 8th birthday: Crypto industry shares its top moments

The crypto community has come together to celebrate the 8th birthday of the Ethereum network, marking eight years since the Ethereum Foundation first sent the network live.On July 30, 2015, former Ethereum Foundation CCO Stephan Tual penned a blog post, officially announcing that the netwo ...

Pro-XRP lawyer claims SEC prioritizes corporate capitalism over investors

Pro-XRP lawyer, John Deaton, has said that the actions taken by the United States Securities and Exchange Commission (SEC) against the crypto industry are driven by a broader motive to safeguard corporate capitalism rather than prioritizing the protection of investors.Deaton highlighted wh ...

DOJ wants SBF’s bail revoked over witness tampering, diary leak allegations

According to a July 28 court filing, the United States Department of Justice (DOJ) is seeking the revocation of Sam Bankman-Fried’s (SBF) bail, accusing him of attempting to tamper with witnesses and leaking Caroline Ellison’s diary to The New York Times.The DOJ notes that SBF was released ...

Play-for-Gold: This game backs in-game NFTs with physical golden eggs

Backed by the FRUITS Eco-Blockchain Project, the upcoming Web3 game Golden Egg Wonderland will allow players to exchange in-game NFTs for real golden eggs.Since its inception, Web3 gaming has become a crucial part of the blockchain ecosystem. Blockchain-based ga ...

Another week of DeFi hacks, but ZK-proof development heats up: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The past week in DeFi was dominated by exploits and hacks, with three DeFi platforms losing nearly $39 ...

Seda co-founders discuss intersection of oracles and multichain

The year 2022 was not a very good year for Cosmos and its vision of inter-blockchain communications (IBC). The collapse of the Terra Luna ecosystem (the biggest protocol on Cosmos at the time), tension between co-founders and a fall in the token’s price all cast a shadow on its future prosp ...

Blockchain technology lets East African farmers sell globally

Small farmers in the developing world may be on the cusp of an agricultural breakthrough. With emerging technologies like satellite imagery, drones and machine learning boosting productivity, it’s becoming more viable than ever to sell their produce in places like Western Europe. Ther ...

Indian Supreme Court raps Union government on crypto rules delay: Report

The Indian Supreme Court on July 27 reprimanded the Union government for the lack of crypto regulations in the country, according to a report in a local media outlet. The Supreme Court in its observation noted that it is “unfortunate” that the government has yet to release any clear g ...

The Agenda podcast chats with Energy Web on how to fight climate change with the help of blockchain

This summer, parts of the United States are wilting under a multimonth stretch of sweltering heat, and data suggests that summer temperatures will continue to creep up in the coming years. The planet is on what seems to be a pretty clear path to soon reaching 1.5 degrees Celsius of warming for th ...

Missing crypto millionaire found dismembered in suitcase: Report

A missing cryptocurrency millionaire and Instagram influencer based in Argentina has turned up dead, with police suspecting murder after he was found dismembered in a suitcase. According to several local media reports, Fernando Pérez Algaba, a crypto trader and influencer, was suspected as ...

Optimism transaction volumes surpass Abitrum’s for the first time in six months

The Optimism network has surpassed Arbitrum in transaction volume for the first time in six months, according to July 27 data from blockchain analytics platform Artemis. Both networks are layer 2s of Ethereum that use optimistic rollup technology, which compresses and batches transactions before ...

How can Web3 bring financial freedom closer to reality for freelancers across the globe?

For many in the global workforce, the 9-to-5 workday is outdated. After a lengthy commute to work, which for some may be three hours each day, many find that upon returning home, they are too exhausted to enjoy their lives, leaving them in a vicious working cycle. Fortunately, with more co ...

99-year-old Hungarian artist’s computer-generated NFTs sold for $1.2M

Computer-generated nonfungible tokens (NFTs) created by Hungarian artist Vera Molnár in collaboration with Martin Grasser sold out in less than one hour during Sotheby’s Dutch auction for a total of 631 Ether (ETH), or around $1.2 million.Molnár’s Themes and Variations #1 sold for 19.84 ETH. ...

Redditor’s hacked Bitcoin is a lesson on the hidden dangers of paper wallets

A Reddit user has become the latest example of why crypto users should be more careful when using wallet generators — after the user lost a few thousand dollars worth of Bitcoin (BTC) from their "secure" paper wallet.On July 24, a Redditor by the name /jdmcnair posted on th ...

Crypto bills pass congressional committee in ‘huge win’ for US crypto

A key United States House panel has approved a pair of bills that could finally deliver some regulatory clarity to crypto firms — including clarifying the differences in jurisdiction between the U.S. securities and commodities regulators.On July 26, the majority of U.S. lawmakers vot ...

ERC-20 inventor discusses origins, new blockchains, BRC-20 and more

In 2018, Ethereum lead developer Fabian Vogelsteller contacted the community for a new standard for smart contracts he created alongside co-founder Vitalik Buterin. Dubbed ERC-20, Vogelsteller, at the time, only wished for input regarding the novel idea. Little did he know that ERC-20 would ignit ...

EOS Foundation to sue Block​.one for alleged failure to honor $1B commitment

The EOS Network Foundation (ENF) is the latest entity to initiate legal action against major investor Block.one (B1) over its alleged failure to honor $1 billion in investment commitments.On July 25, ESF founder and CEO Yves La Rose took to Twitter to announce that the foundation is prepar ...

Deloitte, Chainalysis alliance to give law enforcement a crypto edge

Professional services giant Deloitte is set to boost its clients’ blockchain-tracking capabilities following a strategic alliance with crypto analytics firm Chainalysis.Announced during a Chainalysis conference in Washington DC on July 25, the tie-up will see Chainalysis’ block ...

Researcher envisions smart education system built with blockchain, DAOs, NFTs and AI

Mehmet Fırat, a researcher at Anadolu University in Turkey, recently published research envisioning a multi-tech solution to the problems challenging the traditional educational system called the “Smart Open Education Ecosystem” (SOEE).The research combines blockchain, decentralized autono ...

Alphapo payment provider hack now estimated at over $60M — ZachXBT

The alleged Alphapo payments provider hack of July 23 is now estimated to have caused losses exceeding $60 million, according to a July 25 report from on-chain sleuth ZachXBT. The loss was previously reported at roughly $31 million.Hack ...

Avalanche Foundation allocates $50M investment to on-chain asset token purchases

The Avalanche Foundation announced the launch of “Avalanche Vista,” a $50 million initiative to spur tokenization on the Avalanche blockchain, on July 25.Today, the Avalanche Foundation introduces Avalanche Vista, a $50M ini ...

From supply chain to DeFi: How blockchain oracles can transform industries

Decentralized blockchain oracle service Goracle provides real-world information so anyone can build better Web3 apps based on off-chain data.The blockchain ecosystem was changed forever with the introduction of smart contracts — digital agreements between two parties th ...

Era Lend on zkSync exploited for $3.4M in reentrancy attack

Lending app Era Lend on zkSync has been exploited for $3.4 million worth of crypto, according to a July 25 report from blockchain security firm CertiK. The attacker used a “read-only reentrancy attack” to drain the funds, which is a type of attack that interrupts a multi-step process ...

Solana game developer Automata announces mass layoffs

Solana game developer Automata (ATMTA) will undergo “a significant headcount reduction” to preserve its ability to develop Star Atlas. After the restructuring, the Automata team will comprise just 45 staff, compared to 235 in late 2022.According to the July 24 announcement on Discord, Mich ...

Arkham Intel Exchange approves $5K bounty for info on Do Kwon and Terra wallets

A platform aimed at “deanonymizing the blockchain” has accepted its first submission concerning information on wallet addresses connected to Terraform Labs and its co-founder, Do Kwon.In a July 24 announcement, Arkham Intel Exchange said it had accepted a submission from t ...

Worldcoin launch raises eyebrows as WLD price notches a double-digit gain

Worldcoin (WLD), the native token of the “privacy-preserving digital identity (World ID)” project founded by OpenAI co-founder Sam Altman, soared after listing on major crypto exchanges on July 24. At the time of writing, WLD trades at $2.22, reflecting a 33% gain on the d ...

New research shows how brain-like computers could revolutionize blockchain and AI

Researchers from Technische Universität Dresden in Germany recently published breakthrough research showcasing a new material design for neuromorphic computing, a technology that could have revolutionary implications for both blockchain and AI.Using a technique called “reservoir computing, ...

Web3 has permanently changed how marketing works

My journey into Web3 marketing officially began when I joined ConsenSys as chief marketing officer in 2016, where I built the first Web3 marketing team and helped bring Ethereum as well as the ConsenSys brand and many early Ethereum-based tools and applications to market. During my time at ...

Worldcoin launch divides opinions — Crypto community has its say

The launch of the blockchain-based digital passport platform Worldcoin has polarized the cryptocurrency community, with people raising questions about its centralization, privacy and security.Worldcoin released its token, WLD, on July 24, with major exchanges such as Binance announcing sup ...

Crypto lender Delio warns normal operations in jeopardy after asset seizures

South Korean crypto lending firm Delio has reportedly raised concerns over whether it can continue to provide normal services to clients after having its assets seized by a local financial regulator. In a July 22 blog post translated from Korean, Delio said an ongoing legal battle wit ...

Alphapo hot wallets hacked for over $31 million

Crypto payment platform Alphapo had at least $31 million drained from its hot wallets on Ether (ETH), TRON (TRX), and Bitcoin (BTC), security experts reported on July 22. Since the number of Bitcoins stolen is uncertain, the figures may be even higher. According to on-chain sleuth Zac ...

Nigerian central bank adds NFC upgrade to eNaira for contactless payments

Despite the former governor’s ousting nearly two months ago, the Central Bank of Nigeria (CBN) continues to be committed to its central bank digital currency (CBDC) project, showing no indications of abandoning it.According to a report by local news outlet The Sun, the central bank recentl ...

Evidence of crypto usage by ISIS is ‘mounting’: TRM Labs

Blockchain intelligence platform TRM Labs recently released a report that presents several case studies highlighting the use of cryptocurrency by ISIS affiliates across Asia. It linked on-chain connections between these groups and pro-ISIS fundraising campaigns in Syria.Published on July 2 ...

What is the difference between DApps and protocols?

In recent years, the rise of blockchain technology has paved the way for groundbreaking innovations in the realm of decentralized systems. Among the revolutionary concepts are decentralized applications (DApps) and protocols. While both are integral components of the decentralized ecosystem, they ...

Unlocking potential for Web3 creators: ReadON joins Cointelegraph Accelerator

The creator economy has become a $100 billion market thanks to the rise of social media and digital content. However, it’s bound mainly by centralized content platforms, leaving dismal incentives for actual creators to provide better content for audiences. YouTube’s lat ...

Nigerian social payments app shuts down crypto exchange services

Nigerian social payments app Bundle has announced it is shutting down its crypto exchange arm. According to the July 20 statement released on the company blog, Bundle said that it would cease operations of its exchange services as part of the shareholders’ decision to restructure the ...

Crypto VC funding tumbles as economic uncertainty scares off investors

The month of June closed out with a 29.73% decrease in venture capital investments, with just $779.32 million raised in 62 individual deals, according to data from the Cointelegraph Research Venture Capital Database. While the United States Federal Reserve halted interest rate hikes in June, the ...

Bitcoin miners still bullish despite toughest bear market yet – Hut8, Foundry, Braiins

Bitcoin (BTC) miners have been up against the ropes over the past year, with record amounts of BTC sent to centralized exchanges to cover costs in 2023.As Cointelegraph previously reported, the Bitcoin mining ecosystem has had an eventful year. The industry scored a staggering $184 mi ...

Solana records 1 outage in first half of 2023, 100% uptime in Q2

Layer-1 blockchain network Solana has shown an improvement in reliability and uptime so far this year only having one outage in 2023, according to a report from the Solana Foundation.On July 20, the Solana Foundation released its latest performance report stating it has improved the networ ...

Coin Center and Blockchain Association slam ‘unworkable’ US Senate DeFi bill

Crypto industry advocacy bodies have slammed a newly proposed United States Senate bill for what they say is a confused approach to regulating the decentralized finance (DeFi) sector.On July 20, crypto think tank Coin Center and crypto advocacy group the Blockchain Association released sep ...

Can AI tools like ChatGPT replace dedicated crypto trading bots?

As Twitter, Instagram and TikTok users scroll through their feeds, reels and stories, compelling posts can catch their eye. Many of these posts claim that ChatGPT can turn anyone into a trading genius if offered the right prompts. Curiosity piqued, users are diving deeper into ChatGPT, an ...

Aptos’ new user growth hits 900% after integration with social media app Chingari

The Aptos blockchain has seen a surge of activity following its integration with Chingari, an Indian social media platform previously powered by Solana. According to on-chain data, the number of new users jumped 900% over the previous month, up to nearly 90,000 onboarding on-chain daily.  ...

7 most in-demand programming languages to learn

In the ever-evolving landscape of technology, programming languages play a crucial role in shaping the digital world. Aspiring developers and seasoned professionals alike are constantly seeking programming languages that offer both versatility and high demand in the job market. This a ...

US law protects institutions and exposes retail investors — Rep. Torres

On July 13, 2023, United States District Court Judge Analisa Torres ruled that Ripple’s XRP (XRP) token should not be considered a security when sold on retail digital asset exchanges.Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that last week’s ruling mak ...

Myanmar’s shadow government backs launch of crypto-based bank

Myanmar’s first entirely crypto-based banking institution has announced a soft launch for July 22 — a move that could see the country’s shadow government given greater access to financial services and funding.The Spring Development Bank is named after the Spring Revolution, the opposition ...

ZK proofs could change the internet, not just Web3 — Aleo exec

Zero-knowledge proofs could be used to solve the “biggest problem” plaguing the internet today: privacy, according to one cryptocurrency executive. Speaking with Cointelegraph at the Ethereum Community Conference (EthCC) the marketing chief at privacy-focused infrastructure pla ...

Why isn’t smart money’s effect on crypto’s original promise discussed more?

Ignoring the original, utility-driven ideas introduced in the early documents on digital cash became the new normal once adopters stumbled upon a cryptocurrency price ticker. Are new price tickers a sign of innovation?  There is a critical paradox when thinking about inven ...

Crypto VCs share lessons on startup success at EthCC

When bringing a new crypto to market, the fastest way to do so is arguably with the help of venture capital (VC) financing. But such a high-risk, high-reward operation in a rapidly evolving field can carry a large degree of uncertainty. At the Ethereum Community Conference event in Paris, several ...

Bitcoin rally will lead to “speculative blow-off top” in 2024, Mark Yusko predicts

BlackRock’s application for a Bitcoin exchange-traded fund (ETF) has sparked the beginning of a new crypto bull market, which will go parabolic at some point closer to the halving scheduled for April 2024, according to Mark Yusko, the chief investment officer and founder of Morgan Creek Capital.& ...

Vitalik Buterin shares account abstraction challenges in Ethereum: EthCC

While account abstraction is perceived to be a catalyst that could onboard a billion users to Ethereum, its co-founder Vitalik Buterin shared some challenges in implementing the new feature on the blockchain.Speaking on July 18 at the Ethereum Community Conference (EthCC) event in Par ...

Oasis launches Ethereum-compatible privacy blockchain Sapphire

Oasis has launched its confidential Ethereum Virtual Machine-compatible blockchain, Sapphire, which it says will allow decentralized applications (DApps) to tap into improved privacy features. With Sapphire and the Oasis Privacy Layer (OPL) now live, existing DApps on EVM network ...

Apple’s headset could redefine what being in the metaverse means

The release of Apple’s new mixed-reality headset, Vision Pro, could cause a seismic shift in how users will experience the metaverse, with developers potentially moving away from the absolute isolation of virtual reality.Unlike today's virtual reality headsets, which center on full i ...

Chainlink launches cross-chain protocol bridging blockchain to TradFi

The development firm behind the Chainlink protocol and its native LINK token has gone live with its cross-chain protocol, aimed at providing interoperability between traditional financial firms and both public and private blockchains.In a July 17 post on the Chainlink blog, Chainlink ...

Bitcoin and crypto brace for further upside as equities look to extend their recent gains

The long-awaited recession and resulting resumption of the 2022 bear market that many have been expecting have failed to materialize so far in 2023. In fact, most assets have caught a bid, with the Nasdaq hitting a 52-week high on July 12.How can this be, and will the rally continue? ...

How to gain during crypto market downtrends with trading bots?

The crypto market has had a good year, recovering some losses suffered in 2022 during the latest crypto winter. While Bitcoin (BTC) broke above $31,000 on June 23 to update the year-to-date (YTD) high, the largest cryptocurrency by market cap still has a long way to go before it breaks abo ...

How easy is a SIM swap hack and how does one guard against it?

Despite the rise of cybersecurity infrastructure, the online identity still faces many risks, including those related to the hacks of one’s phone numbers.In early July, LayerZero CEO Bryan Pellegrino became one of the latest victims of a SIM swap attack, which allowed hackers to brie ...

A simple tile game is spiking daily txs on Sui Network: Data platform

A simple blockchain game has been behind a massive spike in daily transactions on the Sui Network, with one data platform even suggesting it has surpassed Solana in network activity.Similar to the 2014 viral browser-based puzzle game 2048, Sui 8192 is a sliding tile game where the players ...

Binance completes integration of Bitcoin Lightning Network

Cryptocurrency exchange Binance has completed the integration of the Bitcoin Lightning Network on its platform for BTC withdrawals and deposits.The development was confirmed by Binance in a July 17 blog post, where they noted that Binance users can now use the layer-2 scalin ...

Celo blockchain proposes return to Ethereum ecosystem, transition to L2

CLabs, the organization responsible for developing the Celo blockchain, is seeking to return to the Ethereum ecosystem by transitioning from an independent EVM-compatible layer-1 blockchain to an Ethereum layer-2 solution. According to a proposal discussion on Celo's governance forum, ...

Enterprise blockchain: ‘Ethereum for Business’ explains key use cases

The cryptocurrency market has encountered its share of ups and downs over the past year, but blockchain technology continues to see impressive growth as businesses seek digital transformation. Recent findings from the market research platform, MarketsandMarkets, estimated the global b ...

A new age in investing: The transformative power of asset tokenization

Asset tokenization has long been regarded as one of the most compelling applications of blockchain technology. Back in June 2019, the United States investment banking giant BNY Mellon declared it has the potential to “dramatically change the dynamic” for investors and u ...

‘Multichain was a big blow’, says Andre Cronje as Fantom TVL slumps

Fantom's co-founder Andre Cronje classified Multichain's debacle as a "big blow" to the smart contract platform, which saw a sharp decline in activity in the past weeks as a result of Multichain's problems. According to data from DefiLlama, Fantom's total value locked (TVL) dropped fr ...

Project roadmap or token price — Which is most important?

In the latest episode of Market Talks, show host and Cointelegraph head of markets Ray Salmond sat down with Polkadot ambassador and content creator KryptosChain to discuss the current state of the crypto market and drastic changes taking place in the Polkadot ecosystem. Accordin ...

Travel will create a new wave of Web3 mass adoption: Here’s how

The travel industry has long been a behemoth, catering to the diverse needs of nearly 2 billion digitally savvy users each year. When it comes to technological innovation, however, it has remained a sleeping giant. That is, until now. The industry is finally waking up to the tr ...

5 peer-to-peer (P2P) lending platforms for borrowers and lenders

Peer-to-peer (P2P) lending, which links borrowers and investors directly, has become a well-liked substitute for traditional banking. P2P lending networks enable decentralized lending, in which people can borrow money from other people or institutions directly without the use of intermediaries, s ...

Token hoarders defeat the purpose of most DAOs: Study

A pair of researchers from the University of Texas at Austin and Princeton University conducted a study to determine how tokenization affects decentralization in decentralized autonomous organizations (DAOs). Their findings indicate that many of the challenges to autonomy are related to the reaso ...

Filecoin storage utilization surpasses 7% in Q2: Report

According to a July 13 report by Messari, Filecoin currently averages 954.2 pebibytes (1.07 billion gigabytes) worth of storage deals on its network, compared with 12.2 exbibytes (14.1 billion gigabytes) worth of raw storage capacity. Until recently, uptake had been sluggish due to high storage c ...

Crypto lender Geist Finance shuts down permanently over Multichain hack

Lending protocol Geist Finance is shutting down permanently due to losses from the Multichain exploit, according to a July 14 social media post from the app’s development team. Geist contracts were paused on July 6, then resumed in “withdraw and repay only” mode on July 9. The l ...

3AC co-founders’ OPNX exchange onboards FTX, Celsius bankruptcy claims

OPNX, an exchange dedicated to the trading of bankruptcy claims against fallen crypto firms, has listed FTX and Celsius claims.According to the July 14 announcement, FTX claims specifically can be immediately onboarded and converted into collateral in the form of OPNX's native reborn OX (r ...

Hidden as colors, crypto seed phrases could hide in plain sight, says dev

A newly released tool called “BIP39 Colors” is turning Bitcoin (BTC) and other crypto wallet seed phrases into colors — giving users a potentially new way to hold their funds in cold storage.The developer, only known as Entero Positivo — Spanish for “posi ...

Breaking: Celsius Network fined $4.7B by FTC

The United States Federal Trade Commission has issued a $4.7-billion fine against bankrupt crypto lender Celsius Network. However, the judgement will be suspended to “permit Celsius to return its remaining assets to consumers in bankruptcy proceedings.”According to the July 13 announcement ...

USB keystroke injectors still a threat to crypto users

The Diabolic Drive’s name sounds as ominous as its potential payload. The recently developed USB wireless keystroke injection tool is intended to stress test networks, but could it potentially be used as a means to steal cryptocurrency from unwitting users?The new gadget is set to be ...

If good UX is like driving auto, Web3 is ‘driving stick’ — UX designers

The current state of Web3 user experience is akin to driving a manual transmission car — there’s more control, but most users will find it unnecessarily clunky, according to several UX designers.Over the years, discussion around mainstream adoption of Web3 has centered around t ...

BNB Beacon Chain to add ‘panic’ feature that can ‘halt’ blockchain

The Binance-operated BNB Beacon Chain mainnet is set to add a new feature in its upcoming hard fork, which will give the blockchain the ability to “halt” the production of new blocks if certain conditions are met.In a July 12 statement from BNB Chain, the “ZhangHeng&rdquo ...

US government moves nearly 10K Bitcoin worth over $300M related to Silk Road seizure

A cryptocurrency wallet associated with the United States Department of Justice (DOJ) moved approximately 9,825.25 Bitcoin worth around $299 million in a series of transactions on July 12. It’s unclear at this time whether the transactions, which appear to have ultimately p ...

Cosmos-based Osmosis launches concentrated liquidity, lets LPs choose price

The Cosmos-based decentralized exchange Osmosis (OSMO) has launched a new “concentrated liquidity” feature, according to a July 12 announcement from the app’s developer, Osmosis Labs. The new feature allows liquidity providers (LPs) to choose a minimum and maximum price to offer to buy or sell cr ...

Bitcoin mining difficulty hits all-time high as BTC miner selling peaks

Bitcoin mining difficulty reached an all-time high of 53.91 trillion units after the latest difficulty adjustment on July 12. It is a measure of how difficult it is to mine Bitcoin (BTC) blocks.The blockchain adjusts its difficulty every two weeks to maintain its processing time ...

Crypto scams are down 77% — but this exploit is making a huge comeback

Cryptocurrency scams have fallen a massive 77% from $3.3 billion to $1.1 billion over the first six months of 2023, according to a recent report by blockchain intelligence firm Chainalysis.The catch, though, is that ransom attacks are back in trend, with perpetrators pocketing 62.4% more r ...

Coinbase Wallet launches instant messaging feature with XMTP

Coinbase Wallet users can now send instant messages to each other using their Ethereum identities, according to a  July 12 blog post from Coinbase. The new feature relies on the Extensible Message Transport Protocol (XMTP), an instant messaging system that allows users to communicate using b ...

Bad news for Ripple? LBRY judge passes ruling on if secondary crypto sales are securities

Ripple may be holding its breath a bit longer after a United States District Judge refused to rule on if the secondary sale of LBRY Credits (LBC) constitutes a security.On July 11, New Hampshire District Court Judge Paul Barbadoro made the ruling in the case the United States Securities an ...

Arkham CEO rebuts claims of ‘snitch-to-earn’ program, says it’s to find bad actors

The chief of the startup blockchain intelligence platform Arkham has refuted claims by the crypto community that its new “Intel Exchange” is a “snitch-to-earn” or “dox-to-earn” system.On a July 11 Twitter Space, Arkham CEO Miguel Morel discussed the publ ...

Experiments show AI could help to audit smart contracts, but not yet

While artificial intelligence (AI) has already transformed a myriad of industries, from healthcare and automotive to marketing and finance, its potential is now being put to the test in one of the blockchain industry’s most crucial areas — smart contract security.Numerous tests have shown ...

Algorand decentralized lending protocol Algofi to shut down by end of year

Algofi, the borrowing and lending protocol built on decentralized finance blockchain Algorand, will soon shut down.According to a July 11 announcement, developers' "belief in the strength of Algorand's technology and novel consensus algorithm has not wavered," however, the Algofi platform ...

BlackRock Bitcoin ETF could unlock $30 trillion worth of wealth, Bloomberg analyst says

$30 trillion worth of capital could suddenly unlock for the Bitcoin market if a Bitcoin spot ETF is approved by the U.S. Securities and Exchange Commission, according to Bloomberg ETF analyst Eric Balchunas. That is the estimated amount of assets controlled by financial advisors in th ...

Near Foundation treasury drops to $900M as token price plunges

At the end of Q2 2023, layer-one blockchain Near Protocol's (NEAR) treasury had declined to $900 million, led by a fall in the price of NEAR tokens from $1.99 to $1.38 apiece.At the ...

ConsenSys launches Linea zkEVM to further scale Ethereum

The Ethereum ecosystem welcomes another layer-2 scaling solution as ConsenSys begins onboarding partners to its Linea network, which has produced significant scaling milestones in testing.Linea is an Ethereum layer-2 scaling network that allows developers to build or migrate dece ...

Multichain’s ‘mysterious withdrawals’ have whiffs of a ‘rug pull’ — Chainalysis

The multi-million dollar exploit of cross-chain bridge protocol Multichain could have been an internal rug pull, according to blockchain security and analytics firm Chainalysis.“On July 6, 2023, cross-chain bridge protocol Multichain experienced unusually large, unauthorized withdraw ...

Brazil’s CBDC pilot contains code that can freeze or reduce funds, dev claims

A blockchain developer who claims to have reverse-engineered the source code of Brazil’s pilot central bank digital currency has discovered functions in the code that would allow a central authority to freeze funds or reduce balances. He has since argued, however, that there cou ...

Arkham on-chain ‘Intel Exchange’ labeled ‘snitch-to-earn’ by Crypto Twitter

Arkham, a “blockchain intelligence company,” announced what it’s calling the “world’s first on-chain intelligence exchange” on July 10 alongside the launch of a new coin, ARKM, through Binance’s Launchpad service.Crypto Twitter has had a predictabl ...

Unleashing the future of video games with on-demand esports

A new era in video gaming is just around the corner, and it’s being driven by a vision of on-demand esports. By enhancing traditional video games with esports gameplay that offers players real payouts, and by offering developers an easy solution to incorporate esports game modes into ...

48% fewer new crypto coders last year – developer report

The number of new developers entering the cryptocurrency sector has dropped by nearly 50 percent over the past year, according to research from Electric Capital’s Developer Report.The latest gauge of the state of the cryptocurrency developer ecosystem indicates that long-term coders that h ...

This DeFi platform unlocks automated asset management for retail investors

Decentralized finance (DeFi) is one of the most critical use cases of blockchain technology. Despite the dramatic decline that has left the total value locked (TVL) in DeFi at about 20% of its peak ($248.8 billion in November 2021 compared to $48.6 billion in April 2023), the trend is here ...

Cryptocurrency versus the SEC: A fight for fair digital investing

Bitcoin, Coinbase, Binance and more are all fighting for their lives as the United States Securities and Exchange Commission does everything in its power to eradicate the current cryptocurrency system in the United States and replace it with one it deems more “fair” to the Amer ...

XRPL grows in Q2 despite SEC lawsuit concerns: Report

Despite lingering concerns over the Ripple vs. SEC lawsuit, The XRP Ledger (XRPL) has demonstrated significant growth in multiple areas of its protocol during the second quarter of 2023, according to a recent report from crypto analytics platform Messari.The report shows that the circ ...

Multichain attack triggers Twitter phishing scheme for FTM distribution

Hackers continue their relentless attacks, displaying no signs of slowing down. Shortly after the Multichain hack, scammers started spreading a phishing link on Twitter.The fraudulent distribution of Fantom (FTM) to users — falsely linked to the Multichain attack — is rapidly s ...

Circle, Tether freezes over $65M in assets transferred from Multichain

Stablecoin issuers Circle and Tether have frozen over $65 million in assets tied to the suspected exploit of cross-chain router protocol Multichain. The move follows unexplained large outflows from the Multichain MPC bridge on July 6. According to the knowledge graph protocol 0xScope, ...

Provider for Meta’s file-storage needs suggests path forward for Web3 data management

Data privacy has come a long way since the widespread use of technology kicked off in the early 2000s. Now, every click, Tweet and Instagram post makes up a personal data footprint that stands shoulder-to-shoulder with people’s fundamental rights as one of the most val ...

Ripple Labs to revolutionize real estate industry through tokenization

Ripple Labs Inc, a company known for blockchain innovation and digital payments, has announced an initiative to transform the real estate industry using tokenization.Antony Welfare, the Central Bank Digital Currency (CBDC) advisor at Ripple, highlighted the growing global interest in CBDCs ...

Open-source advocates launch OP Stack testnet to fund public goods

Layer-2 blockchain Public Goods Network launched a testnet on July 7, promising to spend “the vast majority of net sequencer fees” on public goods instead of paying them out to the development team or token holders, according to an announcement from the network’s developers. In ...

$30B stolen from crypto ecosystem since 2012: Report

From 2012 to the present, over $30 billion in crypto has been hacked in 1,101 documented incidents, a July 7 report from SlowMist has revealed.According to the blockchain security firm, the top five most common hacks are smart contract vulnerabilities, rug pulls, flash loan attacks, scams ...

AI has potential to send Bitcoin price over $750K — Arthur Hayes

Bitcoin (BTC) will be the currency of artificial intelligence (AI) and could reach a price per coin of $760,000 in the process, Arthur Hayes says.In his latest essay titled “Massa,” the former BitMEX CEO concluded that the AI revolution would naturally gravitate toward BTC.Hayes: Bitco ...

Vitalik Buterin says Ordinals have revived ‘builder culture’ on Bitcoin

The advent of Bitcoin (BTC) Ordinals signals the “organic return of builder culture” to the network, according to Ethereum co-founder Vitalik Buterin.Buterin made the comments in a July 7 Twitter space where he spoke at length with Bitcoin proponents Eric Wall and Udi Wertheime ...

Multichain MPC bridge sees $100M+ outflows, sparking fears of exploit

Abnormally large outflows from the Multichain MPC bridge platform are sparking fears of a multi-million dollar exploit.On July 6, observers noticed that approximately $102 million worth of crypto has been withdrawn from Multichain’s Fantom bridge on the Ethereum side, as well as $666 ...

DeSo offers $1M bounty for building decentralized Reddit

Via a July 6 announcement, decentralized social media protocol DeSo has issued a $1 million bounty for building a competitor to Reddit using its native blockchain. In supporting the decision, developers wrote:"Reddit recently sparked controversy within its community following a de ...

Is Web3 messaging going to replace WhatsApp and iMessage? Co-founder of XMTP explains

Hashing It Out episode 24 explores Web3 messaging with Shane Mac, co-founder of XMTP — an open protocol and network for secure Web3 messaging — who explains the differences between Web2 and Web3 messaging. Mac also explains how Web3 messaging could spark major adoption for the entire industr ...

What is the ZK industry up to? Rollups, multichain bridges and VCs

Zero-knowledge proofs (ZK-proofs) are a key technology explored by many in the crypto industry. A zero-knowledge protocol is a cryptographic method that allows one party to prove to another party that something is true without revealing any information. The technology is vital for Eth ...

Crypto’s Indiana Jones? Coinbase exec helps recover $322K worth of once-lost crypto

It’s not every day that one discovers they've suddenly become $322,000 richer — but for one lucky crypto investor, this is exactly what happened in the waning hours of July 5.In a recent Twitter thread, Conor Grogan, the head of product at Coinbase explained how he uncovered hu ...

Bitcoin miners raked $184M in fees in Q2, surpassing all of 2022

Bitcoin (BTC) miners made a lofty $184 million from transaction fees in the second quarter, far more than what they pocketed over the entire 2022 — as Bitcoin’s price surged and BRC-20 tokens flourished.The $184 million payout is more than a 270% increase from the first qu ...

dYdX exchange launches testnet for ‘fully decentralized’ version 4

Crypto exchange dYdX has launched a public testnet of its “v4” iteration, according to a July 5 announcement from the exchange’s development team. This marks the completion of “milestone 4” out of five, paving the way for a future v4 mainnet launch.Once implem ...

DeFi meets AI: Can this synergy be the new focus of tech acquisitions?

The crypto industry has faced significant challenges over the past few years, dealing with issues such as failed exchanges, regulation, collapsing projects and depegged stablecoins. These hurdles have contributed to an atmosphere of uncertainty and skepticism within the industry. However, ...

EU blockchain sandbox unveils first 20 use cases after wave of applications

The first batch of blockchain use cases to debut in Europe's regulatory sandbox was formally introduced on July 3, following a long wait and nearly 90 applications received in April. First disclosed in 2020, the initiative aims to bridge the regulatory gap between European nations and crypto comp ...

Starknet’s Quantum Leap hits testnet with TPS reaching ‘triple figures’

Starknet’s Quantum Leap upgrade has been deployed on testnet, with the Ethereum layer-2 scaling protocol claiming it's capable of processing "hundreds of transactions per second."If achieved, it would be at least a 50X improvement from its current throughput, thanks to the Version 12 ...

Darknet bad actors work together to steal your crypto, here’s how — Binance CSO

Lurking in the shadiest corners of the dark web is a “well-established” ecosystem of hackers that target cryptocurrency users with poor “security hygiene,” according to Binance’s chief security officer.Speaking to Cointelegraph, Binance CSO Jimmy Su said in re ...

Lacoste turns fashion NFTs into digital cards for interactive Web3 experience

Unleashing the digital revolution, industry leaders are racing to forge lasting impressions, reshaping the interaction landscape between ardent fans and renowned brands. Among these pioneers, the renowned Parisian fashion powerhouse, Lacoste, elevates its digital innovation game, giving it ...

Zero Barriers podcast series: Crypto adoption fueled by ZK-rollups

Cointelegraph is launching Zero Barriers, a special six-part podcast series in collaboration with StarkWare. The series, which features as part of the Decentralize with Cointelegraph podcast, will explore the evolving world of zero-knowledge rollups (ZK-rollups) and the next steps for the adoptio ...

Venture capital’s ICO gambits left Bitcoin ecosystem underfunded – Adam Back

Initial coin offerings (ICOs) may have hampered the development of the Bitcoin ecosystem, with market research reflecting a massive slant towards non-Bitcoin investments by venture capitalists over the past five years.Blockstream CEO Adam Back highlighted the juxtaposition between the lack ...

TON blockchain launches on-chain encrypted messaging feature

The Open Network (TON) has released an on-chain encrypted messaging feature, according to a July 3 announcement from the network’s developer, TON Foundation. The new feature allows for private messages to be sent between TON users.  ...

This platform makes debit card transactions possible directly on Arbitrum

A revolution is unfolding in the world of global payments, led by the transformative power of layer-2 technology and serving traditional banking infrastructure, such as financial messaging and card payment networks. Working together, there is a shift in the fundamentals of financial intera ...

5 blockchain-based social media platforms to know

Social media networks built on the blockchain are revolutionizing the way we share, interact and communicate with people online. These systems offer improved transparency, data ownership and decentralized incentives by utilizing the power of blockchain technology. This article will di ...

Binance conducts 11th LUNC burn, 2.65 billion tokens destroyed

Binance, the world’s largest crypto exchange, has burned 2.65 billion Terra Classic (LUNC) tokens in its 11th burn round.The total LUNC tokens burned by Binance now exceed 35.5 billion, with the community’s burn surpassing 68 billion. Traders have reacted positively to the burn ...

Bittrex challenges SEC’s authority in crypto lawsuit, seeks dismissal

Bittrex, a cryptocurrency exchange, has made a notable move in its legal dispute with the United States Securities and Exchange Commission (SEC) by submitting a motion to dismiss the lawsuit filed against it.In its recent court filing, Bittrex argues that the SEC does not possess the neces ...

How blockchain is reshaping the entertainment industry — Q&A with EarnTV

In the ever-evolving landscape of entertainment, the convergence of watch-to-earn and blockchain technology is reshaping the way users consume and engage with media content. This dynamic fusion offers a range of possibilities, from rewarding viewers for their time spent watching to creatin ...

Kraken ordered by court to disclose user data to IRS for tax compliance

The United States District Court for the Northern District of California has ordered crypto exchange Kraken to turn over account and transaction information to the Internal Revenue Service (IRS). The agency said it needed the information to determine if any of the exchange’s users had underreport ...

Celsius Network approved to convert altcoins into BTC or ETH

The United States Bankruptcy Court for the Southern District of New York has approved bankrupt crypto lender Celsius Network’s plan to convert its altcoins into Bitcoin (BTC) and Ether (ETH).The order was issued by Judge Martin Glenn, and the liquidations will pave the way for the dis ...

FedNow “early adopter” list contains no blockchains, but some may integrate later

The Federal Reserve’s upcoming instant payment system, FedNow, released its list of certified “early adopters” on June 29. The organizations on the list have been certified as ready to connect with the platform when it launches in late July. No blockchain networks are on the list, despite at leas ...

$656M lost from crypto hacks, scams and rug pulls in H1 2023: Report

According to a June 30 report by Web3 security firm Beosin, the total value of cryptocurrencies lost in scams, hacks and rug pulls amounted to $656 million during the first half of 2023. This includes the loss of $471.43 million in 108 protocol attacks, $108 million in various phishing scams and ...

Over $204M lost to DeFi hacks and scams in Q2: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The second quarter of 2023 saw over $208 million exploited and hacked from DeFi protocols, and with jus ...

Crypto VC is struggling only from a North American perspective — Animoca Brands CEO

The crypto space has been in an uneven state around the world, with Web3 startups flourishing in the Middle East and Asia, while North American crypto entrepreneurs face challenges under tough macroeconomic and regulatory conditions, according to Animoca Brands CEO Yat Siu. Speaking w ...

South Korean crypto lending firm Delio under investigation by regulators

According to a report by local news outlet Digital Asset, South Korean crypto lending firm Delio is currently under investigation by the country's Financial Services Commission (FSC) as of June 30. The Commission alleges fraud, embezzlement, and breach of trust related to Delio's unilateral decis ...

The future economy: Anticipating the central role of crypto payments in financial transactions

With crypto gas prices dropping to lows after numerous recent innovations in scaling and interoperability across different chains, we can more vividly imagine a possible shift toward widespread crypto payments.Crypto payments at scale are currently prevented by regulation, lack of u ...

Universities use blockchain-based storage to protect and democratize data

Academic institutions house some of the world’s most important data generated from years of research. Yet centralized data storage models are becoming a concern for many universities looking to keep critical information safe and accessible. Danny O’Brien, a senior fellow at the Fileco ...

Forget about price! Polkadot Decoded 2023 says bear markets are for building

The Polkadot Decoded 2023 conference just wrapped up and this year more than 100 speakers and 100 blockchain projects were in attendance. The beauty of crypto bear markets is they catalyze a realignment of perspectives and objectives. All the hidden leverage is gone and most of ...

Blockchain Australia CEO calls for unified efforts to stamp out crypto scams

Blockchain Australia’s new CEO, Simon Callaghan, is urging Australia’s banks, the government and the crypto industry to come together to combat rising cryptocurrency scams.Speaking on the final day of Australian Blockchain Week in Melbourne on June 30, Callaghan announced that ...

Coinbase layer-2 network Base closes in on mainnet launch

Base, a new layer 2 application-focused protocol by Coinbase, has just one criterion left to fulfill before being ready for mainnet launch.On June 29, the team said the Optimism-powered, Ethereum-secured network has been subject to six months of rigorous security audits — both intern ...

Crypto offers Africans a ‘lifeline’ from inflation and corruption, say execs

While many investors in the West may look to crypto to speculate the next biggest trend, blockchain technology is actually solving “real-world problems” in Africa such as hyperinflation and "corruption," executives told Cointelegraph.Speaking to Cointelegraph, Chris Maurice, fo ...

‘Sam Bankman-Fried really hurt the industry’ — Anthony Scaramucci

During a panel at Collision 2023 in Toronto, Anthony Scaramucci, founder of Skybridge Capital and former White House communications director, stated that disgraced crypto executive Sam Bankman-Fried “really hurt the industry in the United States from a regulatory perspective." Scaramucci con ...

LayerZero’s market shifting, there’s a better environment ahead for everyone, CEO says

The outlook for the crypto industry is bright. As a matter of fact, the present isn’t even all that grim, Bryan Pellegrino, CEO of cross-chain interoperability protocol LayerZero, told Cointelegraph at the Collision conference in Toronto. “2015 was basically unbearable. […] Nob ...

Inflection AI raises $1.3B in funding led by Microsoft and Nvidia

On June 29, Palo Alto-based Inflection AI announced the completion of a $1.3 billion raise led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt and Nvidia. The new capital will be partly allocated to building a 22,000-unit Nvidia H100 Tensor GPU cluster, which the company claims is the larges ...

Navigating the crypto maze: A call for standardized social token minting

The world of cryptocurrencies has witnessed a surge in the creation of community coins, often utilizing popular names like Elon Musk, Tesla and Andrew Tate, or even memes like Pepe. Unfortunately, these coins often have no real connection to the individuals or entities they reference, lead ...

Coinbase seeks dismissal of SEC suit, claims extraordinary abuse of process

In the ongoing legal battle between Coinbase and the United States Securities and Exchange Commission, the American cryptocurrency exchange has filed a motion to dismiss the SEC’s complaint.In a legal document filed on Thursday, June 29 with the U.S. District Court for the Southern D ...

Italy’s central bank calls for framework to prevent stablecoin runs

Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins. The central bank’s recently released “Markets, Infrastruct ...

Maple Finance announces direct lending to fill the void left by BlockFi, Celsius

Web3 lending platform Maple Finance has announced the launch of a direct lending program, according to a June 28 fact sheet from the platform’s development team. The program is intended to replace services previously provided by Celsius, BlockFi and other now-bankrupt lenders.The fir ...

$7.8B lost in crypto Ponzi and pyramid schemes in 2022: Report

According to a report published by blockchain intelligence firm TRM Labs on June 28, a combined $7.8 billion was paid to cryptocurrency pyramid and Ponzi schemes worldwide in 2022. In addition, another $1.5 billion in crypto was alleged by TRM to have been spent on darknets for illicit activities ...

Crypto needs better self-custody: This platform is solving it

While Bitcoin (BTC) offered the world an era of true decentralization, the introduction of centralized exchanges and custodial services has lured people away from the original premise of crypto — trustlessness and self-custody. However, the collapse of major crypto exchanges such as FTX ac ...

MicroStrategy buys $347M worth of Bitcoin amid market thaw

On June 28, software analytics firm MicroStrategy announced the corporate purchase of 12,333 Bitcoin (BTC), worth $347 million at the time of publication. After the transaction, the total balance of BTC owned by MicroStrategy increased to 152,333 ($4.52 billion), with an average purchase price of ...

Sui Foundation denies it sold locked staking rewards on Binance

The team behind the Sui network and its native SUI token has denied allegations that they unlocked SUI staking rewards and “dumped” them on cryptocurrency exchange Binance .The Sui Foundation knocked back the claim in a five-part Twitter thread on June 27, stating tha ...

Worldcoin confirms it is the cause of mysterious Safe deployments

Worldcoin is the cause of a slew of Safe deployments to the Optimism (OP) network over the past week, according to a June 27 social media post from Tiago Sada, head of product for Worldcoin developer Tools for Humanity. The deployments had caused a stir on Twitter, as users wondered who wa ...

Japanese and Singaporean regulators join forces on crypto pilot project

On June 26, Japan’s financial regulator, the Financial Services Authority (FSA), announced a partnership with the Monetary Authority of Singapore (MAS) for the joint regulation and pilot testing of cryptocurrency projects in accordance with the latter’s “Project Guardian” initiative. The particip ...

Web3 firms are spending up to $25M on HK crypto licenses: Report

According to a June 27 report by local news outlet Foresight News, Web3 firms in Hong Kong are spending anywhere between 20 million and 200 million Hong Kong dollars ($2.55 million and $25.5 million) for the acquisition of a Virtual Asset Service Provider (VASP) licenses. Sources explained: ...

Riot Platforms to add 33,000 Bitcoin miners ahead of 2024 halving

Riot Platforms — one of the world’s largest Bitcoin (BTC) mining companies — has bought 33,280 “next-generation” Bitcoin miners for its Texas facility, costing $162.9 million.The rigs — which were sourced from mining manufacturer MicroBT — will boo ...

Basis trading, simplified, and how exchanges adapt to institutional needs — Q&A with OKX

In the highly volatile and ever-changing cryptocurrency market, exchanges are striving to not only survive but thrive in all market conditions. They understand the importance of catering to institutional investors who demand innovative tools and solutions to meet their evolving needs. ...

Australian banks claim 40% of scams ‘touch’ crypto as it defends restrictions

Australia’s cryptocurrency industry banking woes will likely continue, with the government and major banks signaling no intention to back down against scams that “touch” crypto.During a panel at the Australian Blockchain Week on June 26, Sophie Gilder, managing director o ...

Optimism network transactions surged 67% following Bedrock upgrade — Nansen

Transactions on the Optimism network surged 67% following its June 7 “Bedrock” upgrade, according to a June 26 Twitter thread from blockchain analytics firm Nansen. The network had been seeing less than 300,000 transactions per day before the upgrade, but this figure increased to over ...

Breaking down the ongoing token impersonation scams with DeFi execs

Decentralized finance (DeFi) protocol Tres Finance warned the community about a scam that involves fake tokens designed to mimic legitimate transactions.In an interview, Tres Finance co-founder Tal Zackon and the company’s technical lead, Idan David, shared the details of a scam using frau ...

Crypto Travel Rule implementation ‘remains relatively poor,’ says FATF

A renewed call from the Financial Action Task Force has asked countries to implement the “Travel Rule” to combat money laundering and terrorism financing activities enabled by cryptocurrencies.On June 23, the United Nations body — whose role is to promote strategies to co ...

Don’t follow the US: Blockchain Aus CEO hammers ‘regulation by enforcement’

Blockchain Australia’s new CEO Simon Callaghan hopes the Federal Government will take its cues on crypto regulation from the United Kingdom, Hong Kong, and Singapore — and definitely not the United States.In his new position, Callaghan aims to steer crypto rule-making in the co ...

Terra Allies’ Six Samurai team aims to revive the ecosystem

After a joint governance proposal on liquid staking derivatives in Terra Classic (LUNC), a new proposal emerged for the next quarter suggesting the formation of a dedicated team consisting of six senior full-stack engineers.The Terra Allies senior full stack engineering team — known as the ...

ChatGPT plugin goes live for Hedera network

A convergence of blockchain and artificial intelligence (AI) has occurred between ChatGPT and Hedera (HBAR), the native cryptocurrency of the Hedera network. By capitalizing on the decentralized characteristics of blockchain networks, ChatGPT can establish secure interactions with the Hedera netw ...

How this AgTech firm transforms agriculture with its powerful tech stack

Blockchain technology has shown that it can transform data-driven markets, such as finance. However, the technology is industry-agnostic and can be applied across the board in ways specific to each industry. For example, it can be used in agriculture, the oldest industry in the world, and ...

Shiba Inu Burn Twitter account experiences suspension

The Shiba Inu (SHIB) burn tracker Twitter account, Shibburn, which is well-engaged with the crypto community, has been unexpectedly suspended. This suspension has garnered attention because the account holders had reached out to influential individuals like Elon Musk and Twitter’s new CEO, ...

Trader takes $4M short position on TrueUSD as issuer halts mints and redemptions

Following TrustToken’s decision to temporarily halt mints and redemptions of its TrueUSD (TUSD) stablecoin through its banking partner, Prime Trust, a trader has taken advantage of the situation by initiating an on-chain short position.According to on-chain data, an Ethereum user utilized ...

Crypto Biz: The race for a Bitcoin spot ETF, Wall Street’s new crypto exchange, and other news

The bid for the first Bitcoin (BTC) spot exchange-traded fund (ETF) in the United States is gaining traction following BlackRock’s recent application, with both former applicants and new players seeking permission from the U.S. Securities and Exchange Commission (SEC) to list a crypto ETF. ...

Judge blocks Bankman-Fried’s attempt to obtain key documents in fraud prosecution: Report

Sam Bankman-Fried, the co-founder of FTX, has been denied his request to obtain documents from a Silicon Valley law firm, Fenwick & West LLP, as part of his defense strategy in his ongoing federal fraud case, Bloomberg reported. Bankman-Fried had hoped to use thes documents to support his cla ...

Web3 protection tool releases update that improves security against scam tokens and dangerous contracts

Web3 and other blockchain-powered markets are still in their infancy, with most of the underlying technologies, economic models and coding architectures still being improved, tested and updated. While this is normal for an emerging market and technology, there are always loopholes that bad ...

Blame game rages over ASX’s failed CHESS system blockchain upgrade

Digital Asset — the New York firm responsible for Australian Securities Exchange’s now-abandoned blockchain-based clearing system — has blamed the securities exchange for dropping its blockchain plans. Meanwhile, representatives of the ASX have clapped back in statements to Cointelegraph, ...

Cryptopay EU card provider loses license, company says card funds are safe

The European Union debit card provider for Cryptopay has lost its Electronic Money Institution (EMI) license, according to a June 22 email sent to its customers. The company recommends to EU cardholders that they should immediately spend or transfer funds from their cards. Funds held in the app’s ...

DeFi and the importance of insurance protocols — Interview with Neptune Mutual

The vast potential of decentralized finance (DeFi) is frequently overshadowed by the risks associated with crypto markets and decentralized platforms. The lack of reliable insurance policies leads to users becoming susceptible to losing funds in the event of hacks or exploits, which is hap ...

BitGo terminates acquisition of Prime Trust

On June 22, wallet infrastructure provider and digital asset custodian BitGo announced on Twitter that it had decided to cancel its acquisition of fintech infrastructure provider Prime Trust. According to BitGo, “This decision was not made lightly.” The full announcement read: ...

Ripple gets in-principle nod for digital asset services in Singapore

Blockchain-based payments firm Ripple has obtained in-principle regulatory approval from Singapore’s financial regulator to offer digital asset payments and token products in the city-state.Ripple confirmed the approval from the Monetary Authority of Singapore (MAS) in a June 22 stat ...

Starknet moves closer to EVM compatibility with upcoming ‘Kakarot’ testnet

Starknet, a zero-knowledge layer-2 scaling solution for Ethereum, is one step closer to becoming fully Ethereum Virtual Machine (EVM) compatible, pending an August testnet launch of Kakarot, a new zkEVM.On June 3, the Kakarot team announced it had received new backing from Ethereum co-foun ...

Bitcoin think tank rejects science behind ‘limited adoption problem’ paper

A team of researchers from the Bitcoin Policy Institute, a nonprofit think tank, have roundly rejected the conclusions reached in a 2022 paper claiming that Bitcoin has an intrinsic scaling problem that will lead to limited adoption in the future.According to the Bitcoin Policy Institute’s ...

Polygon co-founder proposes zkEVM ‘validium’ upgrade to improve security

Polygon co-founder Mihailo Bjelic has proposed upgrading the Polygon proof-of-stake (PoS) network to a “zkEVM validium” version, according to a June 20 forum post. If the upgrade is implemented, the new version will rely on zero-knowledge proofs to increase security. ...

Tether and Bitfinex pledge $100K grant for private operating system

On June 20, Tether Operations Limited, the firm behind United States dollar stablecoin Tether (USDT), along with cryptocurrency exchange Bitfinex announced the allocation of a 100,000 USDT grant to support open-source privacy operating system Qubes OS. Paolo Ardoino, chief technology officer ...

Crypto VC market flashes green amid macroeconomic recession alarms

Crypto venture capital investments were on the rise for the second month in a row in May despite the generally declining economic backdrop. Funding amounts surged 34% from April, and the number of individual deals jumped 62%, according to data from Cointelegraph Research’s Venture Capital Databas ...

This L1 network creates a secure and efficient interoperable network with Bitcoin, Ethereum and more

In a world of different blockchains, interoperability is becoming an increasingly important issue. While many solutions are already connecting the numerous chains, they don’t come without risks.Different layer-1 blockchains aim to solve this interoperability problem by creatin ...

Binance’s BNB Chain introduces layer-2 testnet powered by Optimism

Binance-founded layer-1 blockchain BNB Chain has introduced a new layer-2 chain that it hopes will address its “scalability challenge.”On June 19, BNB Chain unveiled opBNB, which has launched as a testnet. The new layer-2 scaling solution is based on the Optimism OP Stack, whic ...

Web3 usernames may see greater adoption due to recent advancements

Ever since the Ethereum Name Service (ENS) was launched in 2017, Web3 users have been able to replace the long strings of characters that make up a crypto address with a more easily memorized blockchain username or Web3 domain name. For example, Ethereum (ETH) users can now send crypto to the net ...

Etherscan launches AI-powered Code Reader

On June 19, Ethereum block explorer and analytics platform Etherscan launched a new tool dubbed “Code Reader” that utilizes artificial intelligence to retrieve and interpret the source code of a specific contract address. After a user inputs a prompt, Code Reader generates a response via OpenAI’s ...

‘Britcoin’ launch inches closer after Project Rosalind CBDC tests

The Bank of England (BoE) is a step closer to launching its central bank digital currency (CBDC) dubbed “Britcoin” following the conclusion of a trial study called Project Rosalind.The Bank for International Settlements and the BoE launched the joint experiment in July 2022 to ...

Watch out, Ordinals — 30,000 ‘Ethscriptions’ land on Ethereum

Ethereum users have been given another way to create nonfungible tokens (NFTs) and other digital assets on the blockchain with the launch of a new protocol.Launched on June 17, the protocol, dubbed “Ethscriptions,” is a nod to the Bitcoin (BTC) Ordinals protocol — where a ...

CZ, Powell and more rally to fund legal fees for on-chain sleuth ZachXBT, surpassing $1M

Blockchain investigator ZachXBT has received over $1 million in donations in slightly more 24 hours from the crypto community to pay for his legal fees in a defamation lawsuit.ZachXBT, known for his investigative work in the blockchain and cryptocurrency industry, has become embroiled in a ...

​SEC and Binance.​​US strike a temporary agreement on asset access

Binance, Binance.US, and the United States Securities and Exchange Commission (SEC) reportedly agreed on Friday, June 16, to temporarily limit access to customer funds exclusively to Binance.US employees.According to reports, the proposed agreement, pending approval from the overseeing fed ...

Tether responds to account deactivation controversy, raises compliance checks

Tether, the company behind market-leading stablecoin Tether (USDT), has addressed concerns regarding its operational decisions.According to documents released by the New York Attorney General (NYAG), Tether reportedly deactivated approximately 29 accounts belonging to prominent cryptocurre ...

On-chain sleuth ZachXBT sued for libel after claiming plaintiff drained funds from project

Blockchain investigator ZachXBT has been sued for libel by one of the people he accused of fraud, according to a June 16 social media post. According to the post, Jeffrey Huang, known as “MachiBigBrother” on Twitter, has accused ZachXBT of damaging his reputation through false allegat ...

Curve pool imbalance triggers USDT depeg concerns: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.On June 15, an imbalance in Curve Finance’s 3pool led to a Tether (USDT) depeg scare as the stablecoin’ ...

Self-custody Bitcoin amount unmeasurable so far, says Santiment exec

There is no way to measure the amount of Bitcoin (BTC) that is being sent to self-custody wallets so far, according to one industry executive.Amid the ongoing FUD over lawsuits against major cryptocurrency exchanges, investors have been increasingly offloading their Bitcoin from crypto tra ...

dApp Store Kit adopts new tech stack to power Web3 gaming development

DApp Store Kit, which was initially incubated by Polygon Labs, will integrate Ready Games’ mobile game development toolkit to help developers roll out Web3 games. DApp Store Kit’s toolkit for deploying Ethereum Virtual Machine-compatible decentralized application (DApp) stores will combine ...

USDT issuer Tether responds to Chinese securities exposure reports

Stablecoin-issuer Tether has published a lengthy response to reports that the reserves of Tether (USDT), one of the largest stablecoins, once included securities issued by Chinese companies. On June 16, mainstream media outlets, including Bloomberg, reported that the company once used ...

Fed, SEC investigate Goldman Sachs over Silicon Valley Bank’s securities portfolio: Report

Goldman Sachs is currently facing scrutiny from the Federal Reserve and Securities and Exchange Commission (SEC) regarding its involvement in the purchase of Silicon Valley Bank’s securities portfolio prior to the bank’s collapse, The Wall Street Journal has reported, citing sour ...

Ripple partners with Colombia’s central bank to explore blockchain technology

Banco de la República, Colombia’s central bank, is partnering with Peersyst and Ripple to pilot blockchain technology on the XRP ledger. The Ministry of Information and Communications Technologies (MinTIC) in Colombia will oversee the project, which will use Ripple’ ...

Play, shop and trade for a greener planet: This project offers new ways to combat climate change

Bitcoin (BTC) mining is estimated to emit 65.4 megatons of CO2 annually. This is the conclusion reached in 2021 by a group of climate and economic researchers in Europe in the report “Revisiting Bitcoin’s carbon footprint.” This emission is comparable to the carbon footprint of an entire c ...

Institutional crypto broker FPG halts withdrawals after $20M cyberattack

Cryptocurrency brokerage firm Floating Point Group (FPG) has confirmed it has halted trading, withdrawals and deposits on its platform after falling victim to a cyberattack on June 11. FPG estimates the attack resulted in a total loss of between $15 million and $20 million.According to a J ...

South Korean Bitcoin lending platform Delio pauses withdrawals

Delio, a virtual asset manager and lending platform based in South Korea, has announced the temporary suspension of customer withdrawals “in order to safely protect the assets of customers currently in custody.”The company made the decision in response to the recent suspension of digital a ...

Here’s what happened to Arbitrum post-airdrop

On-chain analytics firm Nansen released a new report detailing what happened to the Arbitrum network after its popular airdrop event. From sustaining the surge of users and transactions to a decline in new wallets conducting their first transaction, the analytics company analyzed the impact of th ...

North Korean hackers swipe over $100M from Atomic Wallet users

Atomic Wallet, a noncustodial decentralized wallet, has been hit by a staggering exploit, leading to users reporting losses of their entire cryptocurrency portfolios. This unforeseen breach has sent shockwaves through the crypto community, as Atomic Wallet’s fundamental premise relies on us ...

Hinman documents suggest SEC is the wrong agency to govern digital assets, crypto lawyer says

On June 13, the long-awaited Hinman documents were finally unsealed and released to the public. The unveiled documents offer valuable insights into a significant speech delivered in 2018 by Bill Hinman, the former director of the United States Securities and Exchange Commission’s (SEC) corp ...

Crypto yield platform Haru suspends transfers after investigation

On June 13, South Korean yield platform Haru Invest announced that it would be suspending deposits and withdrawals effective immediately. “First of all, the company sincerely apologizes that its latest announcement has caused concerns to our valued investors and customers," Haru said, claim ...

How tried-and-tested Web2 models could help Web3 games thrive

Play-to-earn games took the world by storm in 2021, and at their peak, some enthusiasts in South East Asia were able to supplement their incomes by getting involved.However, a crushing bear market and a series of hacks changed all that, and to make matters worse, the tokenomics with ...

Unfazed by SEC tumult, top banks work to make blockchains interoperable

Amid all the tumult in the crypto world, some of the world’s largest banks have been quietly reflecting on ways to bring digital assets to institutional customers. And last week, a plan emerged.A collaboration, under the guidance of the Society for Worldwide Interbank Financial Telecommuni ...

Apple to delist Nostr-based Damus app over Bitcoin tip feature

Decentralized social media app Damus could face the axe from the Apple App Store over its Bitcoin (BTC) tipping feature.On June 13, the creators behind Damus shared a warning letter from Apple, which stated the app would be removed from the platform because of the “Zaps” featur ...

Fear of blockchain will have ‘disastrous consequences’ — Ava Labs CEO testimony

Ava Labs CEO Emin Gün Sirer will be calling on United States officials to “nurture” and “support” responsible blockchain innovation, warning that they face “disastrous consequences” if they don't.Gün Sirer’s comments in defense of what he ...

Polygon 2.0 introduces upgrades to tap into ‘Value Layer’ of internet

On June 12, Polygon Labs announced “Polygon 2.0,” a set of upgrades that seeks to establish the “Value Layer” of the internet, which the company says will allow users “to create, exchange, and program value.” ...

Tether CTO clarifies $1B USDT mint on Ethereum is for chain swaps

Tether minted a fresh batch of $1 billion worth of its Tether (USDT) stablecoin on the Ethereum blockchain on June 12. The latest billion-dollar mint for the stablecoin issuer comes within two months of its last mint on April 21.Tether’s chief technology officer Paolo Ardoi ...

a16z opening London crypto office citing ‘predictable’ environment

Venture capital firm Andreessen Horowitz (a16z) is set to open its first office outside of the United States this year, adding to the backdrop of U.S.-based firms seeking greener pastures outside of the country. Chris Dixon, a16z’s crypto founder and managing partner, cited a &l ...

SOL is not a security, says the Solana Foundation

The Solana Foundation took to Twitter to address for the first time the U.S. Securities and Exchange Commission's classification of its native token, Solana (SOL), as a security. "The Solana Foundation disagrees with the characterization of SOL as a security," reads a statement from J ...

Hong Kong legislator invites Coinbase to the region despite SEC scrutiny

Touting its progressive stance on cryptocurrencies, a Hong Kong legislator has invited Coinbase and other crypto exchanges to establish operations in the region.Legislative Council member Johnny Ng took to Twitter to express support and assistance to “all global virtual asset tr ...

Nigeria to tax crypto, digital assets 10% on capital gains — Experts react

On the eve of his departure from office on May 28, former Nigerian President Muhammadu Buhari signed the Finance Act, 2023, into law. The act introduces a series of tax reforms aimed at modernizing the country’s fiscal framework. Among its provisions was the introduction of ...

Scammers steal nearly $1M after hijacking 8+ prominent crypto twitter accounts

Over the past few weeks, a group of scammers has hijacked more than eight Twitter accounts belonging to prominent figures in the crypto space to promote phishing scams. The group has stolen almost $1 million worth of crypto so far, according to blockchain sleuth ZachXBT. In a June 9 Twitte ...

Crypto.com suspends US institutional exchange service

Crypto.com will no longer serve institutional clients in the United States after announcing the suspension of the service from June 21.The Singapore-based cryptocurrency exchange cited limited demand from institutional customers as a primary reason for the move which has been exacerbated b ...

Subsocial chat program implements Ethereum usernames, Polygon donations

Grill.chat, a chat app based on the Subsocial network, has now implemented Ethereum Virtual Machine (EVM) wallet compatibility, allowing users to chat using their Ethereum identities and send crypto to each other via Polygon, according to a June 7 announcement.Subsocial is a Polkadot  ...

World Mobile eyes African rollout after decentralized wireless field tests

Decentralized wireless (DeWi) network operator World Mobile said on June 8 it has completed field tests of its DeWi technology in Kenya, Mozambique, and Nigeria, bringing it closer to a full rollout across the African continent, the company said in the announcement.World Mobile, which aims ...

CEX trading volumes fell to 4-year lows even before Binance, Coinbase suits

Trading volumes on centralized exchanges have fallen to their lowest levels in more than four years amid mounting regulatory pressure from United States regulators and lawmakers.According to a June 7 report from crypto analytics firm CCData, combined spot and derivatives trading volume in ...

Cumberland Labs unveils SaaS API for public blockchains and DeFi protocols

Cumberland Labs, the incubator arm of Chicago-based crypto trading company Cumberland, has launched the beta version of a new API tool that could simplify the arduous task of connecting to blockchain and decentralized finance protocols.Cumberland Labs told Cointelegraph that the Cumberland ...

Tel Aviv Stock Exchange completes proof of concept to tokenize fiat and bonds

A new phase in the Tel Aviv Stock Exchange's integration of blockchain technology and traditional assets has been completed with the minting of the first dummy digital government bond as an ERC-1155 security token. The bond mint is part of the proof of concept (PoC) phase of Project E ...

Will crypto remittances be the future of global money transfers?

In this era of global economies, where cross-cultural exchanges and international transactions are increasingly common, the demand for efficient and accessible cross-border money transfers has reached new heights of importance. Whilst traditional remittance providers have long dominated th ...

Optimism successfully completes ‘Bedrock’ hard fork, reducing deposit times, layer-1 fees

The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacting additional security features, according to an announcement from network developer OP Labs. The upgrade is part of a series of reforms the developer says will help ...

Sequoia Capital announces three-way split to separate China business

Venture capital firm Sequoia Capital announced an impending split that will see the company break into three distinct partnerships serving the United States, China, and Asian markets separately. The move, announced on June 6, is intended to decentralize back-office functions for ...

Reimagining trust in Web3: Proof of Talk Summit unites industry titans in the Louvre Palace

Web3, the latest iteration of the internet that leverages the power of decentralization, is very much about building trustless ecosystems that naturally present credible services to its communities. Trust is a fundamental pillar of Web3. Communities should feel safe when it comes to their ...

Coinbase stock plunges 20% on SEC lawsuit

The stock of cryptocurrency exchange Coinbase plunged more than 20% at the open on June 6. At the time of publication, shares have pared some losses and are currently trading at $50.14, compared to an intra-day low of $46.43. The company’s market capitalization currently stands at $13.7 bill ...

Breaking: Coinbase targeted by state security regulators concurrent to SEC lawsuit

According to a statement published by the Alabama Securities Commission on June 6, a multistate task force comprising state regulators from Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Carolina, Vermont, Washington and Wisconsin have issued a Show Cause Order against crypt ...

Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic

Illicit funds gained from the $35 million Atomic Wallet hack have been moving to a crypto mixer known to be favored by North Korea’s most notorious cyber-hacking group.On June 5, blockchain compliance analytics firm Elliptic reported that its Investigations Team has traced funds from ...

GameStop NFT back in the spotlight after partnership with Illuvium

On June 5, Ethereum blockchain game developer Illuvium announced a partnership with video game and consumer merchandise retailer GameStop to debut a 20,000 nonfungible token (NFT) collection starting June 12.According to developers, the “Illuvitars” NFTs are “dynamic coll ...

Atomic Wallet says hack affected 1% of active users, but investors claim otherwise

A hack that drained $35 million from Atomic Wallet users since June 2 impacted less than 1% of its monthly active users, according to the company. In the aftermath of the attack, Atomic Wallet — along with individual blockchain investigators — have amped up efforts to track and revert ...

Atomic Wallet hack losses top $35M, on-chain sleuth reports

At least $35 million worth of crypto assets have been stolen from Atomic Wallet users since June 2, according to an analysis from on-chain sleuth ZachXBT. The five largest losses account for $17 million.According to Atomic Wallet on Twitter, the cause of the attack is being investigated. R ...

Pro-XRP attorney’s phone hacked to promote LAW token

Pro-XRP lawyer, John Deaton, suffered a phone hack on June 4 amid a relentless cyberattack over several days.CryptoLaw, an account created by the attorney representing over 76,000 XRP (XRP) tokenholders in the Ripple vs. United States Securities and Exchange Commission (SEC) lawsuit, ...

Uniswap scam alert: Fraudsters impersonate executives and create fake website

Hayden Adams, the creator of the Uniswap protocol and CEO of Uniswap Labs, recently expressed his surprise on Twitter regarding a scam where individuals created a fake Uniswap website.In a tweet, Adams indicated his astonishment at the elaborate nature of the scam, emphasizing that it requ ...

Evertas expands crypto insurance offerings to include mining and raises limits

Evertas, an insurance company focused on digital assets, recently announced an increase in coverage limits and the addition of mining operations to its coverage portfolio.The insurer’s per-policy coverage limits on custodial crypto assets will increase to $420 million, “nearly tripling the ...

Taurus deploys on Polygon blockchain for asset tokenization and custody

Digital asset infrastructure provider Taurus is stepping up its tokenization efforts in Europe through a full integration with the Polygon blockchain, the company announced on June 2. The move will allow its clients to automatically issue digital securities. Taurus claims to have over ...

Web3 adds semantic layer to Ethereum for a decentralized society

Focusing too much on the tokenization of assets instead of encoding social relationships of trust was a key complaint regarding the current state of Web3 that found a clear voice in a mid-2022 paper published by Ethereum co-founder Vitalik Buterin along with E. Glen Weyl and Puja Ohlhaver. ...

How to access Bitcoin network data without advanced IT skills

The Bitcoin network is home to a variety of data that can offer investors, academics and fans useful insights. However, those without significant IT abilities might find it difficult to obtain this data. The good news is that anyone may explore Bitcoin network data without having substantial tech ...

Coinbase Derivatives Exchange set to roll out BTC and ETH futures

As the cryptocurrency industry faces regulatory challenges in the United States, public crypto exchange Coinbase is moving forward with its futures contracts.On June 1, Coinbase revealed its plans to introduce Bitcoin (BTC) and Ether (ETH) futures contracts on June 5 through its Commodity ...

Circle to launch ‘official version’ of USDC natively on Arbitrum

Circle recently announced plans for a June 8 launch of a new native version of its USD Coin stablecoin on the Arbitrum network.1/ Circle is launching USDC natively on @Arbitrum on June 8th! Keep scrolling or read the blog t ...

ChatGPT can’t beat human smart contract auditors yet: OpenZeppelin’s Ethernaut challenges

While generative artificial intelligence (AI) is capable of doing a vast variety of tasks, OpenAI’s ChatGPT-4 is currently unable to audit smart contracts as effectively as human auditors, according to recent testing.In an effort to determine whether AI tools could replace human auditors, ...

Coinbase CEO Warns U.S. Regulators: Negative Stance on Cryptocurrencies Benefits China

The CEO of major U.S. cryptocurrency exchange Coinbase Brian Armstrong believes that the negative stance of U.S. regulators on cryptocurrencies only plays into the hands of China and other countries. In an article for MarketWatch magazine, Brian Armstrong noted that the cry ...

University of Nicosia Collaborates with Aleph Zero for Blockchain Research and Education

University of Nicosia announced a collaboration with blockchain platform Aleph Zero to conduct research and organize educational seminars on blockchain. Aleph Zero co-founder Antoni Żółciak said the platform has awarded the university a grant to conduct blockchain researc ...

Unveiling Centralization in Cryptocurrency Projects: Indirect Methods of Control

This is the second part of the overview article about centralization of cryptocurrency projects and it is devoted to indirect methods of control. Hidden influence does not disrupt the blockchain, but it also leads to risks for the entire ...

Circle’s Euro Coin Stablecoin (EUROC) Joins Avalanche Ecosystem for Seamless Transactions

Circle announced that its Euro Coin Stablecoin (EUROC), pegged to the euro, is supported by the Avalanche ecosystem. This will allow any transactions with EUROC between the Avalanche and Etherium networks. EUROC Stablecoin appeared ...

Luban Update: Enhancements for BNB Network Activation on June 11

The update will be activated on June 11 at 21:30 UTC Hardfork includes three offerings that will improve the network The BNB Chain team has released details of the Luban update to the BNB network. It will be activated at block height 29,020,050 and will take plac ...

Binance Investigations and Law Enforcement Team Up to Seize $4.4 Million Linked to North Korean Hackers

This is the coordinated work of the police and Binance Investigations The funds belonged to hackers from North Korea We recently wrote that the U.S. Treasury Department discovered and froze Binance cryptocurrencies linked to hackers from North Korea. Now the case ...

Mastercard EVP Highlights Blockchain’s Potential Beyond Investment Perspective

They called for looking at blockchain from more than just an investment perspective The cryptocurrency ecosystem offers much more opportunity Executive Vice President (EVP) of Mastercard Raj Dhamodharan spoke at the North America Innovation Day event. In addit ...

Nanjing Unveils State-Supported Meta-Universe Platform for China’s Development

The Chinese city of Nanjing unveiled a state-supported meta-universe platform Nanking, capital of China's eastern Jiangsu province, has unveiled a state-supported technology and application innovation platform focused on the development of the meta-universe across China. The state platform of ...

Ledger CEO Confirms Authorities Can Access Private Keys via New Firmware

The CEO of Ledger confirmed that because of the new firmware of Ledger Nano X hardware cryptocurrencies, authorities will be able to access private keys for the sake of investigations. Last week Ledger announced the launch of Ledger Recovery service to restore access to c ...

Tether Partners with KriptonMarket to Promote USDT Adoption in Argentina

The management of the operator of the largest steblecoin by capitalization Tether announced the cooperation with the service KriptonMarket to promote USDT as a means of payment for small businesses in Argentina. KriptonMarket is working to improve access to stablcoin for ...

Exploring Web3: The Future of the Internet with Decentralized Data Storage

"Internet of the Future" in the form of a World Wide Web concept based on cryptocurrency technology and decentralization, known as Web3, solves some of the problems of today's global network. Specialists of the cryptocurrency exchange Coinex in one of the recently published ...

Undeads Metaverse Completes First Round of NFT Game Releases, Raises $1 Million

New-gen MMORPG Undeads Metaverse announced the completion of its first round of NFT game releases, which brought the project $1 million. According to the project team, this achievement underscores the sustainability of high-quality projects backed by experienced teams, de ...

MicroStrategy Explores Bitcoin Ordinals for Innovation Opportunities

MicroStrategy co-founder and CEO Michael Saylor said the company is exploring Bitcoin Ordinals project opportunities for innovation. The Ordinals protocol was launched on the Bitcoin network in January, followed by a wave of experiments with the first blockchain. The p ...